The income-tax department on Friday asked telecom major Vodafone to pay Rs 11,218 crore tax within 30 days on the capital gains from its 2007 purchase of Hutchison Whampoa's mobile business in the country. The Supreme Court had, on September 27, asked the department to determine the potential tax liability over the $11.2 billion deal before October 25. The demand includes Rs 7,900 crore tax and Rs 3,318 crore as interest for 42 months.
Financialexpress.com-I-T-asks-Vodafone-to-pay-tax-on-entire-Hutch-deal-225 10 10
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