{"id":336616,"date":"2020-02-10T10:17:11","date_gmt":"2020-02-10T04:47:11","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=336616"},"modified":"2020-02-10T11:03:06","modified_gmt":"2020-02-10T05:33:06","slug":"vodafone-cairn-eligible-to-settle-tax-in-india-under-new-amnesty-official","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/vodafone-cairn-eligible-to-settle-tax-in-india-under-new-amnesty-official\/","title":{"rendered":"Vodafone, Cairn eligible to settle tax in India under new amnesty: Official"},"content":{"rendered":"<p>Vodafone Group and Cairn Energy are eligible to settle a tax dispute with India\u2019s government under a new amnesty program, a senior government official said. The companies will need to pay their taxes by March to benefit from the interest and penalty waivers under the program, Pramod Chandra Mody, chairman of the Central Board of Direct Taxes, said. <\/p>\n<p>\u201cWe are trying to see to it that the litigation is kept to barest minimum,\u201d Mody said, adding that \u201cif they wish to come, they are welcome.\u201d <\/p>\n<p>Vodafone\u2019s dispute relates to its $11-billion acquisition of a 67 per cent stake in the mobile-phone business owned by Hutchison Whampoa, now part of CK Hutchison Holdings in 2007, while Cairn Energy is contesting a big tax bill \u2014 $1.6 billion plus interest and penalties \u2014 that New Delhi raised for a 2006 transaction.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vodafone Group and Cairn Energy are eligible to settle a tax dispute with India\u2019s government under a new amnesty program, a senior government official said. The companies will need to pay their taxes by March to benefit from the interest and penalty waivers under the program, Pramod Chandra Mody, chairman of the Central Board of Direct Taxes, said. \u201cWe are trying to see to it that the litigation is kept to barest minimum,\u201d Mody said, adding that \u201cif they wish to come, they are welcome.\u201d Vodafone\u2019s dispute relates to its $11-billion acquisition of a 67 per cent stake in the [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-336616","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/336616","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=336616"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/336616\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=336616"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=336616"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=336616"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}