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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…
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
#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.
