Kalpataru Projects Receives Tax Notice from Afghanistan

By By Rediff Money Desk, New Delhi
Aug 27, 2024 14:20
Kalpataru Projects International Ltd has received a tax notice from the Afghanistan government for non-submission of certain declarations. The company anticipates that the additional tax and fine may be waived off once the tax liability is discharged.
Illustration: Dominic Xavier/Rediff.com
New Delhi, Aug 27 (PTI) Kalpataru Projects International Ltd on Tuesday said it has received a tax notice from the Afghanistan government for non-submission of certain declarations.

In an exchange filing, the company said, "The branch office through its consultant... received certain tax challans from the Ministry of Finance, Afghanistan Revenue Department with the demand of payment of tax liability, additional tax and fine, due to non-submission of certain declarations for FY 2020-21 and FY 2021-22."

The notice was received on August 26, it said.

The authority has demanded tax liability of AFN 8,774,153 (Rs 104.59 lakh), additional tax of AFN 12,150 (Rs 0.14 lakh) and fine of AFN 166,401 (Rs 1.98 lakhs), Kalpataru Projects International Ltd said.

The branch anticipates this additional tax and fine may be waived off by the Ministry of Finance once the payment towards the tax liability is discharged, it said.

Last week, the company also received a tax notice from the GST authority in India. The authority has demanded a total tax payment of Rs 10.50 lakh along with a penalty of Rs 1.50 lakh. The authority has also proposed to levy interest as applicable.

Kalpataru Projects International Ltd is one of the largest specialised EPC (engineering, procurement, and construction) companies engaged in power transmission and distribution, buildings and factories, water supply and irrigation, railways, oil and gas pipelines, urban mobility (flyovers and metro rail), highways and airports.
Source: PTI
Read More On:
tax liabilitytax noticeafghanistanministry of financekalpataru projects
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.

You May Like To Read

MORE NEWS

CCI Clears Coal India in E-Auction Scheme Case

India's competition watchdog CCI dismissed a complaint against Coal India's e-auction...

HDFC Bank Loan Growth Rises 3% in Q3

HDFC Bank reports a 3% increase in loan growth in the December quarter, reaching Rs...

IDBI Bank Reports 18% Loan Growth in Q3

IDBI Bank saw an 18% increase in loan growth during the December quarter, reaching Rs...

Adani Wilmar Q3 Sales Up 6% & Revenue 33%:...

Adani Wilmar reported a 6% rise in sales volumes and a 33% increase in revenue in Q3,...

Sebi Drops Case Against Karvy Capital in AIF...

Sebi has dropped a show cause notice against Karvy Capital and its officials for...

Nipha Group Invests Rs 180 Crore in Expansion

Nipha Group, an Indian engineering firm, announces a Rs 180 crore expansion plan over...

Bullion Rates Today: Gold, Silver Prices in...

Check the latest bullion rates in Bengaluru for gold and silver. Get the current prices...

Air India Transformation: Tata Sons Committed...

Tata Sons Chairman N Chandrasekaran outlines plans to transform Air India into a...

Plywood, MDF Industry Embraces Quality Control...

India's plywood and MDF board industry has embraced mandatory quality control norms...

RBI Holds Financial Literacy Program for...

RBI's Bhubaneswar branch organized a financial literacy program for visually challenged...

Read More »

Sectoral Indices Market Indicators Listed Companies Gainers Losers Mutual Funds Portfolio Watchlist
© 2025 Rediff.com