retro tax

India will soon notify a separate set of rules to facilitate settlement of its retrospective tax dispute with British telecom company Vodafone, a senior government official told ET. Vodafone had faced validation of tax demand under Section…

The government will give 45 days to companies to drop all claims and seek a settlement of the controversial retrospective tax claims relating to the overseas sale of Indian assets once the final settlement rules are notified. The aim is to…

MFinance Minister Nirmala Sitharaman introduced The Taxation Laws (Amendment) Bill, 2021 (“Bill”) in the Lok Sabha on 05 August 2021 that finally puts an end to the government’s pursuit of taxing indirect transfers through retrospective…

NEW DELHI: A day after taking the bold decision to scrap all retrospective tax demands and refund money collected, Prime Minister Narendra Modi on Friday said the move shows his government's commitment to providing businesses stability of…

Have legal cases forced the Centre’s hand? Will global investors be satisfied with the changes? The story so far: On Thursday, Finance Minister Nirmala Sitharaman introduced the Taxation Laws (Amendment) Bill in the Lok Sabha to nullify…

NEW DELHI: The government on Thursday moved to bury the ghost of retrospective taxation by seeking to amend the law, a move that is expected to end vexatious litigation with 17 companies, including Vodafone and Cairn, apart from addressing…

Finance Minister Nirmala Sitharaman introduces Taxation Laws (Amendment) Bill in the Lok Sabha The government on Thursday took the first step towards doing away with the contentious retrospective tax law of 2012, which was used to raise…

NEW DELHI: The finance ministry on Thursday introduced Taxation Laws (Amendment) Bill, 2021 in Lok Sabha to do away with the contentious retrospective tax demand provisions. The retro tax provision was introduced by the UPA government in…