 "What is a Retrospective Tax?")
Retrospective Tax
What is a Retrospective Tax?
Retrospective tax explained
Read More
Latest Updates on Retrospective Tax
SC ruling on royalties to affect profitability of mining companies: Moody's
In a major victory for mineral-rich states, the Supreme Court had on August 14 allowed them to seek dues from April 1, 2005 on royalty and tax on mineral rights
 "SC ruling on royalties to affect profitability of mining companies: Moody's")
Why taxing mining companies retrospectively is a retrogressive step
States would do well to exercise the discretion that the Supreme Court has given them to leaven the impact of a judgment that benefits them immensely
 "Why taxing mining companies retrospectively is a retrogressive step")
Govt initiates anti-dumping investigation into steel from Vietnam
The applicants have requested for retrospective imposition of the anti-dumping duty
 "Govt initiates anti-dumping investigation into steel from Vietnam")
SC ruling brings cheer to states while mining companies count losses
Setback for miners as they will have to pay levy from 2005
SC ruling on mining royalty to impact industry with Rs 2 trillion arrears
Industry experts say that the retrospective tax ruling will have a ripple effect on supply chain part of other industries as well
 "SC ruling on mining royalty to impact industry with Rs 2 trillion arrears")
Mining operators face setback as SC permits retrospective state levies
The Supreme Court specified that payment for tax demands, which can be retrospectively applied from April 2005, should be staggered in instalments over a 12-year period, beginning from April 1, 2026
 "Mining operators face setback as SC permits retrospective state levies")
Industry has a role to play in reducing tax disputes, says FinMin
Two prominent policymakers - finance secretary TV Somanathan and revenue secretary Tarun Bajaj - said on Monday that the larger industry had a big role to play in reducing tax disputes
 "Industry has a role to play in reducing tax disputes, says FinMin")
SME Chatroom: No interest liability due on retrospective amendment
However, it would help all persons concerned if the CBIC issues a clarification in this regard
 "SME Chatroom: No interest liability due on retrospective amendment")
Retrospective tax: Cairn drops lawsuits in US, UK against Indian govt
Last month, Cairn said it has agreed to drop litigations to seize Indian properties in several countries as it has accepted India's offer to settle the tax dispute
 "Retrospective tax: Cairn drops lawsuits in US, UK against Indian govt")
Vedanta withdraws cases against govt to settle retro tax dispute
Vedanta had challenged the demand for taxes at two forums -- Income Tax Appellate Tribunal and Delhi HC while its parent Vedanta Resources challenged the move before a Singapore arbitration tribunal
 "Vedanta withdraws cases against govt to settle retro tax dispute")
Vodafone files application with govt for settlement of retro tax dispute
'We have always been confident that no tax liability arose in respect of our acquisition of the Indian business,' says Vodafone spokesperson
 "Vodafone files application with govt for settlement of retro tax dispute")
14 firms approach govt to settle retrospective taxation cases: Revenue Secy
The government in August enacted a law to end all retrospective taxation imposed on indirect transfer of Indian assets
 "14 firms approach govt to settle retrospective taxation cases: Revenue Secy")
14 cos approached govt to settle retrospective taxation cases: Revenue Secy
As many as 14 companies against whom retrospective tax demands were raised have approached the government to settle cases, Revenue Secretary Tarun Bajaj said.
 "14 cos approached govt to settle retrospective taxation cases: Revenue Secy")
Oil and gas explorer Cairn Energy to change name to Capricorn Energy
Britain's Cairn Energy PLC will change its company name to Capricorn Energy PLC from mid-December, around the time its over USD 1 billion retrospective tax dispute will be nearing closure
Tax dispute: Cairn gives undertakings to withdraw all cases against India
This will enable company to get Rs 7,900 crore from govt
Britain's Cairn Energy enters undertakings with India to end tax dispute
Cairn gives in writing to indemnify govt, withdraw cases to get Rs 7,900 cr tax refund
Centre notifies rules to settle Vodafone retrospective tax case
Vodafone Plc is required to give a declaration to the Income-Tax Department, withdrawing all legal proceedings against the government over the levy of retrospective taxes
 "Centre notifies rules to settle Vodafone retrospective tax case")
Govt notifies rules to settle Vodafone retrospective tax case
After the notification of the rules, Vodafone will have 45 days to approach the government for a settlement.
 "Govt notifies rules to settle Vodafone retrospective tax case")
Top headlines: MPC may go for liquidity cut, experts on retro tax, and more
Business Standard brings you the top headlines at this hour
 "Top headlines: MPC may go for liquidity cut, experts on retro tax, and more")
New terms for settling retrospective tax cases may be unwieldy: Experts
Any dispute subject to jurisdiction of Indian courts could be a prickly issue, say experts
