-The Hindu Business Line Plans start from Re 1/day to hook those who have never logged in via smartphones Mumbai: Telecom operators are going the sachet way, launching low-cost packs to hook the new cell phone-Netizen. From one rupee a day to Rs 25 for seven days' usage, telecom service providers are coming up with novel plans to attract mobile Internet users. Aircel, Idea Cellular and Vodafone India have launched, or are launching,...
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Shell India accused of tax evasion-Utpal Bhaskar, Remya Nair and Amrit Raj
-Live Mint Income-tax department says firm had underpriced intragroup share transfer by Rs 15,000 cr and evaded taxes consequently The Indian arm of Royal Dutch Shell Plc , Shell India Pvt. Ltd, has been accused by the income-tax (I-T) authorities of underpricing an intragroup share transfer by ` 15,000 crore and consequently evading taxes, said a person familiar with the development. Following the notice, which is one of the biggest transfer pricing orders...
More »Has the 2G spectrum auction really been a failure?-Surajeet Das Gupta
-The Business Standard Deconstructing the numbers shows companies have bid smartly to get the best deals The recently concluded sale of 1,800-MHz spectrum through auction to telecom service operators, or telcos, has been declared a damp squib for two reasons: One, only five telcos participated in the auction; and two, the bids added up to Rs 9,407 crore, which was less than a third of the Rs 30,000 crore the government had...
More »Why no auction of all cancelled spectrum: Supreme Court to government-Samanwaya Rautray
-The Economic Times The Supreme Court on Thursday asked the government to immediately explain why it is restricting the sale of airwaves in the upcoming auctions, and not selling all spectrum vacated by the 122 licences whose permits were cancelled earlier this year. But the apex court clarified that the upcoming airwaves sale process, scheduled to begin on November 12 ,would not be deferred, even as it asked the telecom department to...
More »The Parthasarathi Shome Committee Report-Prabhat Patnaik
-Macroscan.com In his speech introducing the 2012-13 budget, the then Finance Minister Pranab Mukherjee had declared his intention to introduce a General Anti-Avoidance Rule (GAAR) to counter ''aggressive tax avoidance schemes''. What GAAR means is that even if a transaction appears to be legally valid, if it is entered into for the sole purpose of tax avoidance, then the Indian tax authorities can deny tax benefit to the concerned entity. GAAR...
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