Bharti Airtel has approached the Department of Telecommunications to convert its government dues into equity, following Vodafone Idea’s similar move, where the government’s stake increased significantly. This demand arises amidst the government’s reconsideration of waiving interest and penalties on adjusted gross revenue dues.
India, France near deal on tax treaty, to lower levy on dividends paid to French parent companies
India and France are nearing a revised tax treaty that will reduce dividend taxes for French parent companies holding over 10% stakes to 5%, while