Posted inChina, Hong Kong, India, South Asia

India slaps tax demand on Hutchison for Vodafone deal

India’s income-tax department has now trained its guns on Hong Kong-based Hutchison Telecommunications International Ltd (HTIL) in connection with its alleged capital gains during the US$ 11-billion sale of its India mobile business to UK’s Vodafone Group in 2007. The tax department has slapped a Rs 323.20 billion (US$ 5.05 billion) demand in tax, interest and […]