Discover and read the best of Twitter Threads about #RetrospectiveTax

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"I don't think there is a single top industrialist who has not contributed significantly in this battle against #COVID19": Prime Minister @narendramodi Image
"Today's meeting also comes at another significant milestone for the nation - the beginning of the 75th year of Independence. We all are celebrating 'Azadi ka Amrit Mahotsav'": Prime Minister @narendramodi Image
Prime Minister @narendramodi on foreign direct investment in the country. Image
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Indian government brings in a bill to bury the infamous retrospective tax that haunted #Cairn and #Vodafone for nearly a decade

businessinsider.in/policy/news/ca…
In a bid to bury the ghost of retrospective taxation, the government on Thursday brought a bill in the Lok Sabha to withdraw all back tax demands on companies such as Cairn Energy and Vodafone and said it will refund the money collected to enforce such levies.
#retrospectivetax
#retrospectivetax: Finance Minister Nirmala Sitharaman introduced 'The Taxation Laws (Amendment) Bill, 2021' in the Lok Sabha that seeks to withdraw tax demands made using a 2012 retrospective legislation to tax the indirect transfer of Indian assets.
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