Page 2 - Retrospective Tax

Retro tax framework: Companies to indemnify govt against any future claims

Indemnity bond to be furnished by the firm and other interested party

Need assurance from India on investment protection: UKIBC's Richard Heald

In a Q&A, UKIBC's group chair lists out three areas that need focus - tariff reduction in some sectors, removal of non-tariff barriers on goods, and aligning data protection rules

Cairn accepts $1 bn refund offer, to drop cases against India: CEO

The offer to return money seized to enforce retrospective tax demand in lieu of dropping all litigations against the government 'is acceptable to us', says Cairn CEO Simon Thomson

Draft rules on retro withdrawal win-win for govt, firms, say experts

Enforcement of investment treaties remain ambiguous, they say

Govt releases draft of declaration for withdrawal of retro tax demands

That rule had been used to levy a cumulative of Rs 1.10 lakh crore of taxes on 17 entities, including Rs 10,247 crore on Cairn and Rs 22,100 crore on Vodafone.

Govt approaches 17 companies to settle retrospective tax cases

The rules under the Taxation Laws (Amendment) Act, 2021, are expected this week

India asks US court to reject Cairn Energy's $1.2 billion suit

The Indian government has asked a federal court in Washington to dismiss Britain's Cairn Energy suit seeking enforcement of a $1.2 billion arbitral award, saying it had sovereign immunity under US law

Reading down retro tax law gives govt opportunity to renew BIPA

Several law firms representing interests of companies abroad hope this will happen soon

Rules for withdrawal of retrospective taxation to come soon: FM Sitharaman

Finance Minister Nirmala Sitharaman on Monday said that the rules for the recent taxation amendment bill will be framed soon

FM Sitharaman says rules on retrospective tax to be framed soon

Parliament earlier this month passed a bill to scrap all tax demands made using the 2012 retrospective tax legislations

Retro tax scrapping revived foreign interest in India's privatisation plan

The governments decision to nullify retrospective taxation provisions has brought fresh lease of life to its strategic disinvestment plan with growing overseas investor interest

SC approves deduction of interest paid via debentures for tax calculation

In its order last week favouring MM Aqua Technologies, it held that explanation 3C to section 43B(d) of Income Tax Act is 'clarificatory' and does not add a new condition retrospectively

Top headlines: Govt's settlement with Cairn, hurdle in Paytm's $2.2 bn IPO

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Govt's retro tax settlement with Cairn Energy may hinge on Vedanta case

India lost the international arbitration with Cairn Energy at The Hague in December and the former was given an award of $1.2 billion

Top headlines: RBI buys record gold, ISRO satellite mission fails

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Retro tax gone, industry must revive animal spirits: Revenue Secretary

Revenue Secretary Tarun Bajaj says withdrawal of retrospective tax amendments is the government's policy to provide a stable and predictable tax regime

Top headlines: PM says retro tax 'mistake of past'; 10 dead in HP landslide

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Govt will refund Rs 8000 cr to 4 firms under new taxation laws: CBDT chief

The Bill will do away with the retrospective tax provision and end all retrospective taxes imposed on indirect transfer of Indian assets made before May 28, 2012

Top headlines: Tata group mulls chips business, FM speaks on scrapping tax

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Ending retro tax to boost $5-trn economy dream: FM Nirmala Sitharaman

Rajya Sabha returns Bill to Lok Sabha amid Opposition protests