Cairn India slapped tax dues of INR 20,495 crore

Q.  Name the multinational firm that was slapped 20,495 Crore rupees by the Income tax Department on 13th Mar-15?
- Published on 28 Mar 15

a. Vodafone
b. Royal Dutch Shell
c. Cairn India Ltd
d. Bharti Airtel

ANSWER: Cairn India Ltd
 
Earlier this week, the I-T Department had slapped 10,247 crore rupees tax demand on Cairn Energy Plc for an alleged 24,500 crore rupees worth capital gains it made in 2006 while transferring all its India assets to a new company, Cairn India, and getting it listed on the stock exchanges.

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