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Supreme Court Asks UP To Hold Enquiry If Organiser Of Formula One Race Collected Entertainment Duty
The Supreme Court Thursday asked the tax authority of the Uttar Pradesh government to hold an enquiry to ascertain whether organizer of Formula One world championship at the Buddh International Circuit in Greater Noida had collected entertainment duty from the spectators for the events in 2011 and 2012.
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Supreme Court Orders Taxes On Formula 1 For Indian Grand Prix
In a big blow to Formula One's future prospects in India, the Supreme Court has ruled that the Formula 1 World Championship Limited (FOWC) has a permanent establishment in India and as such income accruing from it is taxable.
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Can Indian Grand Prix Make Comeback if Tax Issues are Sorted?
Before the first race took place in 2011, F1 had moved Authority of Advanced Ruling (AAR) to ascertain whether its income is taxable in India. The tax issue and red tape surrounding the event eventually led to the race being dropped after three editions.
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FIA Boss Jean Todt Says India Deserves Formula One
The Indian Grand Prix, which was dropped in 2014 after three editions owing to tax and bureaucratic hurdles, is expected to return next season, going by the wishes of F1 boss Bernie Ecclestone and Jaypee Group.
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Formula One boss Bernie Ecclestone says Indian Grand Prix promoters are defaulters
From Bernie Ecclestone's revelations, it now transpires that the tax and bureaucratic hurdles for the uncertainty of the F1 race returning to the Buddh International Circuit were only a facade and not the only reasons.
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Supreme Court to hear PIL seeking stay on Indian F1 race
India's Supreme Court agreed today to hear a petition seeking the cancellation of this weekend's Indian Grand Prix because organisers have allegedly not paid entertainment taxes for the 2012 event.
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Next few years will be critical for Indian Grand Prix, says Martin Whitmarsh
The Indian GP had been taken off the F1 calendar in 2014 owing to 'logistical' reasons and while teams have praised the event promoted by Jayeep Group, they have also expressed reservations on the tax policies in India.
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Supreme Court to hear plea against F1 tax exemption today
The Supreme Court will today take up a Public Interest Litigation or PIL which questions Uttar Pradesh government's action in granting entertainment tax exception to the Jaypee Group for organizing the Formula One race in Greater Noida later this month.
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Supreme Court issues notice to UP government on F1 tax exemption
The Supreme Court on Tuesday sought explanation from the Uttar Pradesh government for granting tax exemption to the company organising Formula 1 event in Greater Noida.
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Why no luxury tax on F1? Supreme Court asks UP Govt
The Supreme Court on Tuesday slapped a notice on the Uttar Pradesh government over the exemption of entertainment tax in the upcoming Formula One race at the Buddh International Circuit that was opened to the media today.
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Excise dept bets big on liquor sales at F1
The Indian Grand Prix promises to be one grand party for the Greater Noida excise department. As end of October spells Formula-1 action on the newly built Buddha International Circuit, the authorities hope to make big bucks out of liquor sales. The department has predicted over 3 lakh bottles of beer, and an equal number of foreign-made liquor bott...
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Supreme Court Asks UP To Hold Enquiry If Organiser Of Formula One Race Collected Entertainment Duty
The Supreme Court Thursday asked the tax authority of the Uttar Pradesh government to hold an enquiry to ascertain whether organizer of Formula One world championship at the Buddh International Circuit in Greater Noida had collected entertainment duty from the spectators for the events in 2011 and 2012.
-
Supreme Court Orders Taxes On Formula 1 For Indian Grand Prix
In a big blow to Formula One's future prospects in India, the Supreme Court has ruled that the Formula 1 World Championship Limited (FOWC) has a permanent establishment in India and as such income accruing from it is taxable.
-
Can Indian Grand Prix Make Comeback if Tax Issues are Sorted?
Before the first race took place in 2011, F1 had moved Authority of Advanced Ruling (AAR) to ascertain whether its income is taxable in India. The tax issue and red tape surrounding the event eventually led to the race being dropped after three editions.
-
FIA Boss Jean Todt Says India Deserves Formula One
The Indian Grand Prix, which was dropped in 2014 after three editions owing to tax and bureaucratic hurdles, is expected to return next season, going by the wishes of F1 boss Bernie Ecclestone and Jaypee Group.
-
Formula One boss Bernie Ecclestone says Indian Grand Prix promoters are defaulters
From Bernie Ecclestone's revelations, it now transpires that the tax and bureaucratic hurdles for the uncertainty of the F1 race returning to the Buddh International Circuit were only a facade and not the only reasons.
-
Supreme Court to hear PIL seeking stay on Indian F1 race
India's Supreme Court agreed today to hear a petition seeking the cancellation of this weekend's Indian Grand Prix because organisers have allegedly not paid entertainment taxes for the 2012 event.
-
Next few years will be critical for Indian Grand Prix, says Martin Whitmarsh
The Indian GP had been taken off the F1 calendar in 2014 owing to 'logistical' reasons and while teams have praised the event promoted by Jayeep Group, they have also expressed reservations on the tax policies in India.
-
Supreme Court to hear plea against F1 tax exemption today
The Supreme Court will today take up a Public Interest Litigation or PIL which questions Uttar Pradesh government's action in granting entertainment tax exception to the Jaypee Group for organizing the Formula One race in Greater Noida later this month.
-
Supreme Court issues notice to UP government on F1 tax exemption
The Supreme Court on Tuesday sought explanation from the Uttar Pradesh government for granting tax exemption to the company organising Formula 1 event in Greater Noida.
-
Why no luxury tax on F1? Supreme Court asks UP Govt
The Supreme Court on Tuesday slapped a notice on the Uttar Pradesh government over the exemption of entertainment tax in the upcoming Formula One race at the Buddh International Circuit that was opened to the media today.
-
Excise dept bets big on liquor sales at F1
The Indian Grand Prix promises to be one grand party for the Greater Noida excise department. As end of October spells Formula-1 action on the newly built Buddha International Circuit, the authorities hope to make big bucks out of liquor sales. The department has predicted over 3 lakh bottles of beer, and an equal number of foreign-made liquor bott...
