Showing posts with label taxe. Show all posts
Showing posts with label taxe. Show all posts

Sunday, January 12, 2014

Wipro faces serious tax Problem

India's third largest IT company Wipro is facing the threat of property seizure . Not pay property tax of Rs 16.47 crore on the charges. So Greater Bangalore Municipal Corporation ( BBMP ) has threatened to take legal action .
Wipro said it is taking legal steps to avoid this action .
BBMP despite notices allege that the company is paying tax . So the final notice is issued . If this time does not pay property tax will take action if necessary . The company alleged that the BBMP is in a wrong way to recovery . Without prior notice to BBMP officials on November 27 reached their Sarjapur office and remained there for seven hours . During this time he tried to recover many wrong ways . The notices were sent back many mistakes . Should be improved , but they are expanding the number of notices . Being a responsible corporate we appeal to them that they are the right ways to behave with us .
BBMP , chairman of the Standing Committee on Finance 's Tax and MS Shiv has denied the allegations . He said that after three notices also not tax the corporation has the right to seize the property . In January last year the company had paid Rs five crore . After that there was no payment . Shiv said on Friday he has called a meeting on the matter . We 're willing to wait a week . Thereafter, further action will be taken.