Mahindra Satyam's tax woes
I-T authorities has asked Mahindra Satyam to pay Rs 2,113.42 crore as outstanding taxes for financial years 2002/03 and 2007/08.
1.December 2010 I-T authorities order a tax audit of Mahindra Satyam for assessment years 2003/04 to 2008/09.
2. March 22, 2011 I-T authorities attach Satyam's bank accounts after it fails to pay a tax demand of Rs 617 crore.
3. March 30, 2011 The Andhra HC freezes the accounts, directs Satyam to deposit Rs 350 crore with CBDT and give it a bank guarantee of Rs 267 crore.
4. April 15, 2011 The Supreme Court orders Satyam to file a tax review plea before CBDT and issue it a bank guarantee of Rs 617 crore.
5. August 22, 2011 I-T authorities now ask Mahindra Satyam to pay Rs 2,113.42 crore as outstanding taxes for financial years 2002/03 and 2007/08.
-Anamika Butalia
2. March 22, 2011 I-T authorities attach Satyam's bank accounts after it fails to pay a tax demand of Rs 617 crore.
3. March 30, 2011 The Andhra HC freezes the accounts, directs Satyam to deposit Rs 350 crore with CBDT and give it a bank guarantee of Rs 267 crore.
4. April 15, 2011 The Supreme Court orders Satyam to file a tax review plea before CBDT and issue it a bank guarantee of Rs 617 crore.
5. August 22, 2011 I-T authorities now ask Mahindra Satyam to pay Rs 2,113.42 crore as outstanding taxes for financial years 2002/03 and 2007/08.
-Anamika Butalia
