Loop Telecom moved the Telecom Disputes Settlement & Appellate Tribunal (TDSAT) on Tuesday for compensation for its cancelled 2G licence. ...
07:22 PM, May 29, 2012
New Delhi: Loop Telecom on Tuesday took the government and TRAI before the sector's tribunal TDSAT seeking refund of Rs 1,454 crore paid for 2G licence and sought Rs 1,000 crore damages for loss of reputation after its cancellation. In its petition, Loop Telecom has submitted that the Supreme Court has cancelled the UASL license issued to it by the government under its "flip flop' first-come-first-serve policy and it had...
06:09 PM, May 29, 2012
New Delhi: Vijay Mallya-promoted Kingfisher Airlines owes Rs 269.06 crore income tax and I-T Department has initiated penalty and prosecution proceedings against the private carrier, Government informed the Lok Sabha on Friday. Kingfisher Airlines was found to have deducted tax at source (TDS) on salary payments but had not deposited it in Government account, Minister of State for Finance SS Palanimanickam said in a written reply. "Survey... was conducted at...
02:23 PM, May 18, 2012
Ahmedabad: Gujarat Chief Minister Narendra Modi in a letter to Prime Minister Manmohan Singh on Thursday demanded rollback of proposed tax deduction at source (TDS) on transfer of immovable property, saying it is against the federal polity. The Union Budget 2012-13 has proposed TDS of 1 per cent of sale value of immovable properties except agriculture land. It will take effect from October 1, 2012. Modi's letter said it appeared...
02:04 AM, Apr 13, 2012
New Delhi: BJP President Nitin Gadkari on Friday wrote to Finance Minister Pranab Mukherjee demanding rollback of the decision to impose excise duty on jewellery and taxes on any purchase above Rs 2 lakh as the industry employs thousands of people and would affect the common man. Mukherjee had announced in his budget speech that the government would impose one per cent excise duty on all unbranded jewellery. He also...
09:06 PM, Mar 30, 2012
New Delhi: To check the menace of black money, the government on Friday proposed a slew of measures, including I-T return assessment up to 16 years with regard to assets held abroad and tax deduction at source (TDS) on transfer of immovable property and gold purchase. "I propose a series of measures to deter the generation and use of unaccounted money," Finance Minister Pranab Mukherjee said while presenting the Budget...
03:25 PM, Mar 16, 2012
New Delhi: The Etisalat DB and TDSAT will come up for hearing on Monday in the Delhi High Court. Telecom tribunal TDSAT issued a notice to Etisalat DB on Reliance Infratel's plea seeking to recover Rs 1,200 crore from the operator which had taken its telecom infrastructure on lease. A TDSAT bench headed by its chairman, Justice SB Sinha, asked the company to file a reply within two weeks and...
10:02 AM, Mar 05, 2012
New Delhi: The Income Tax Department has slapped a Rs 1,067-crore demand notice on telecom giant Bharti Airtel for non-payment of TDS dues in the last four financial years in connection with its overseas operations, even as the company said it was fully compliant with all the provisions. The department has asked the company to pay a total tax of Rs 1,067.24 crore under sections 201 (consequences of failure to...
07:10 PM, Jan 18, 2012
New Delhi: In a major development, the telecom tribunal TDSAT on Friday set aside all penalties imposed by the Government on new telecom operators for delay in meeting roll out obligations of services. The TDSAT bench headed by Justice SB Sinha said that DoT did not follow "principals of natural justice" and did not give any opportunity to the telecom operators before imposing penalty or liquidated damages. The tribunal further...
01:35 PM, Jan 13, 2012
New Delhi: The telecom ministry on Tuesday questioned the jurisdiction of telecom tribunal TDSAT on entertaining the petitions of five telecom operators, including Bharti Airtel and Vodafone, challenging the government's directive to stop 3G roaming agreements. Additional Solicitor General A S Chandiok appearing for the Department of Telecom (DoT) told the tribunal that it has no jurisdiction to entertain the petitions which are altering the terms of telecom licence. Terming...
12:56 PM, Jan 03, 2012
New Delhi: The telecom tribunal TDSAT has directed telecom service provider Vodafone to pay Rs 25 crore penalty, 50 per cent of what the Department of Telecom (DoT) had earlier levied upon it for issuing bulk SIM cards without proper verification. "The petitioner (Vodafone) may, therefore, deposit a sum of Rs 25 crore, being 50 per cent of the amount, within two weeks from date subject to compliance of the...
10:37 AM, Nov 19, 2011
New Delhi: Aditya Birla Group firm Idea Cellular on Friday approached sectoral tribunal TDSAT against a DoT notice to cancel its licence in Punjab for violating merger and acquisition (M&A) norms. On April 21, the Department of Telecom (DoT) issued show cause notice (SCN) to Idea as to why its licence for the Punjab circle should not be cancelled on violation of M&A norms. The company has also been slapped...
06:15 PM, Apr 29, 2011
eTDS helps you to understand the TDS process and doubts that arise out of it. ...
04:04 PM, Jul 05, 2009
Leaders of nine parties say their alliance alternative to Congress, BJP. ...
03:19 PM, Mar 12, 2009
New Delhi: With the World Cup being played in the subcontinent and India being tagged as firm favourites to lift the coveted prize for only the second time in history, the pressure on the home team is massive. But one youngster who has thrived under all kinds of pressure and has emerged to be the go-to man when the team is in all kinds of strife is Suresh Raina. The...
01:45 PM, Dec 12, 2007
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