Telangana to get back 1274 Cr from RBI

TelanganaReserve Bank of India has advised the union finance minister to pay back Rs.1,274 crore to Telangana

Earlier in united Andhra Pradesh , income tax department had issued notice to AP Beverages Corporation for tax dues worth Rs.2,900 crore. Telangana government had challenged the notice on the ground that division.

Telangana had claimed that the money was transferred illegally and argued that the state government is not an income tax assessee. With Jaitley’s intervention the amount to be credit back to the state account.