August 16, 2021 8:39 pm
Union Finance Minister Nirmala Sitharaman also said that rules regarding the scrapping of all tax demands made using the 2012 retrospective tax legislations will be framed soon.
August 12, 2021 7:27 am
The Prime Minister’s remarks came after both Houses of Parliament cleared amendments to the Income-Tax Act and Finance Act, 2012 to ensure that no demand shall be raised in connection with retrospective tax for any indirect transfer of Indian assets if the transaction had been undertaken before May 28, 2012.
August 12, 2021 7:04 am
These negotiations could be wrapped up within the next month, sources said, adding that any formal statement by either the Government or the companies would be issued only after that.
August 12, 2021 8:39 am
Surjit S Bhalla writes: The end to the retro tax is also a pointer to more capital reforms to come.
August 09, 2021 5:38 am
Experts said this removal of the retrospective aspect now also provides clarity for deals between companies of countries where these are not covered under any tax treaty benefits.
September 22, 2015 1:56 am
Germany will discuss the concerns of its industry on stability and clarity of policies.
September 16, 2013 1:12 am
The commitee has also suggested simpler drafting of rules to avoid room for interpretations and faster resolution of disputes through arbitration mechanism and consent settlements.