The government is reaching out to 17 companies to withdraw tax cases against them. The payments industry is at a crossroads with the banking regulator on two pressing issues.
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Govt approaches 17 companies to settle retrospective tax cases
A couple of weeks after the Income-Tax (I-T) Act was amended to junk the contentious retrospective taxation provision, the government is reaching out to 17 affected companies to withdraw cases from various judicial levels and derive the benefit of the legal correction. Read more...
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