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Satyam owes Rs530 cr in income tax dues

Satyam owes Rs530 cr in income tax dues
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First Published: Fri, Aug 07 2009. 11 41 PM IST
Updated: Fri, Aug 07 2009. 11 41 PM IST
New Delhi: Satyam Computer Services Ltd, the software exporter at the centre of India’s biggest corporate fraud probe, has outstanding income tax dues of Rs530 crore ($110 million), a federal minister said.
The Income-tax department is reexamining assessments for Satyam and its former chairman B. Ramalinga Raju, junior finance minister S.S. Palanimanickam told Parliament on Friday. The cases will be finalized by 31 December, he said.
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First Published: Fri, Aug 07 2009. 11 41 PM IST