Retro Tax
Govt to settle almost all retro-tax cases this month: Revenue Secy
The government will settle almost all the retrospective tax cases this month, closing a chapter that plagued India's reputation as an investment-friendly destination, a top official said
 "Govt to settle almost all retro-tax cases this month: Revenue Secy")
'Completed all steps of retro tax repeal law, entitled to Rs 8k-cr refund'
'Company has concluded all necessary steps under the rules of the India Taxation (Amendment) Act 2021 required for payment by Govt of India of a tax refund of approximately Rs 7,900 cr,' says Cairn
 "'Completed all steps of retro tax repeal law, entitled to Rs 8k-cr refund'")
From scrapping retro tax law to record GST mop-up: 2021 for revenue dept
A record GST tax collection, an overhaul of the income tax return filing portal and the landmark move to scrap retrospective taxation have set the stage for the next level of reforms in tax admin
 "From scrapping retro tax law to record GST mop-up: 2021 for revenue dept")
Govt accepts Cairn's offer on retro tax; company to withdraw cases: Report
The government has now issued Cairn a so-called Form-II, committing to refund the tax collected to enforce the retrospective tax demand, two sources with direct knowledge of the development said
 "Govt accepts Cairn's offer on retro tax; company to withdraw cases: Report")
The Morning Show, Ep 3: Troubled carmakers, retro tax headway, & T+1 cycle
Why do top global carmakers fail in India? Will Cairn settlement herald the end of India's retro tax migraine? What will T+1 settlement cycle change for Indian markets? Get answers in this episode
 "The Morning Show, Ep 3: Troubled carmakers, retro tax headway, & T+1 cycle")
Ending retro tax to boost $5-trn economy dream: FM Nirmala Sitharaman
Rajya Sabha returns Bill to Lok Sabha amid Opposition protests
 "Ending retro tax to boost $5-trn economy dream: FM Nirmala Sitharaman")
What Cairn, Vodafone and Devas episodes tell us about India's arbitrariness
The Indian state's arbitrariness may have come to be accepted with resignation within the country, but when it behaves in the same manner with external players, it gets a push-back, writes T N Ninan
Top headlines: Cairn seeks $1.4 bn from India, govt may sell 25% in LIC
Business Standard brings you the top headlines of the day
 "Top headlines: Cairn seeks $1.4 bn from India, govt may sell 25% in LIC")
After Voda arbitration, now Cairn expects $1.4 bn in losses from retro tax demand
British oil explorer Cairn Energyon Tuesday said it was seeking from the Indian govt Rs 10,300 cr in losses arising from the expropriation of its investments to enforce a retrospective tax demand.
Vodafone wins long battle against India over Rs 20,000 cr retro tax demand
India told to bear 60% of Voda's legal costs amounting to over £4 million; FinMin tells govt to consult counsel and consider all options
 "Vodafone wins long battle against India over Rs 20,000 cr retro tax demand")
Rs 10,247-cr Cairn retro tax case: Tribunal defers award to mid-2020
The international tribunal was supposed to give an award by February 2019, but in March it delayed it to 2019-end and now to summer of 2020
 "Rs 10,247-cr Cairn retro tax case: Tribunal defers award to mid-2020")
Retro tax settlement window to shut on Dec 31
Under the Dispute Resolution Scheme, the govt has offered a one-time tax settlement, subject to firms agreeing to withdraw pending cases
 "Retro tax settlement window to shut on Dec 31")
Fast-forward on retro tax
Govt's latest move to sort out the issue is a welcome sign
