Rs 6,500 cr extra taxable at Vodafone & Shell: IT

Even as the Bombay High Court hears their pleas against similar tax demands raised in the past, the revenue department has slapped fresh notices on multinationals Vodafone and Shell, estimating that their taxable incomes in FY10 were higher by Rs 3,400 crore and Rs 3,100 crore, respectively. This implies additional tax demands amounting to a third of those amounts, given the 30% corporate tax rate.

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