Monday , 23 September 2019
Home >> Tag Archives: Service Tax

Tag Archives: Service Tax

Global aviation leaders call India’s service tax on aircraft leasing, regressive

Global aviation leaders at the Farnborough international air show 2014 termed India’s decision to levy service tax of 12.36% on aircraft lease charges as a regressive step which will only hurt India’s already over-taxed airlines. As per a report in The Mint, the maiden Union budget of the Narendra Modi led NDA government proposes to levy the service tax effective …

Read More »

Opinion: A date of ignominy in the Kingfisher Airline calendar

2010 Kingfisher Calendar. Copyright KingfisherWorld Kingfisher is known for its super-sexy swimsuit calendar, featuring some of the most beautiful women in the world, and Kingfisher Airline’s Chairman Dr. Vijay Mallya’s son, Sidhartha, may love cavorting on the beach with them, but yesterday, October 4, 2012, witnessed a tragedy, and was, to borrow the words of FDR, a date that will …

Read More »

Income tax department re-freezes Kingfisher Airline’s bank accounts

The income tax department has frozen two of Kingfisher Airline’s bank accounts for alleged non-payment of dues. However the airline has clarified in a statement The IT department attached two of our bank accounts on May 24th which was not in accordance with the speaking order of the Hon’ble IT Appelate tribunal during the hearing. Subsequently, in a written order …

Read More »