Page 3 - Retrospective Tax

Bill to nullify retro tax to give impetus to India's $5 trn goal: I-T dept

Taxation Laws Amendment Bill, which seeks to nullify retrospective tax demands raised on companies, will instill investor confidence and provide impetus to goal of becoming a $5 trillion economy

RS returns bill to end all retrospective taxation as Opposition walks out

A bill that aims to end all retrospective taxes imposed on indirect transfer of Indian assets was returned by Rajya Sabha Monday amidst a walkout by the Congress, TMC and DMK.

Retrospective tax: India eyes entry into global bond indices in a year

An entry into some of these indices is expected to generate an additional $20 billion of foreign investment into the economy

India offers Cairn Energy $1-bn refund after scrapping retro tax: Report

The lower house of parliament on Friday approved a draft law introduced the previous day, cancelling a 2012 policy that enabled New Delhi to tax some foreign investments retrospectively

Govt buries retrospective tax, introduces Bill to amend Income Tax Act

Bill to scrap the law tabled; proposed refund at around Rs 8,100 crore

Lok Sabha clears Bill to end retrospective tax, Congress backs move

Backing the government's move, former Union Finance Minister P Chidambaram tweeted, "I am glad that we have put an end to an issue that has been troubling us for eight years"

Sensex falls 215 pts post RBI policy; Nifty at 16,238; RIL sheds 2%

Stock market LIVE: The RBI pegged real GDP growth forecast for FY22 at 9.5 per cent and at 17.2 per cent for FY23.

Bill to nullify retrospective tax passed in LS amid protests by Opposition

The bill seeks to do away with the contentious retrospective tax provision

Scrapping retrospective tax may not be enough to repair India's reputation

Political executive will need to strive for a fairer playing field, writes Andy Mukherjee.

Retrospective tax was indefensible; burying it shows pragmatism

Institutional arrogance in taxation has cost India dearly in terms of its image as a business-friendly, rule-driven country

Retrospective tax policy burial does not come as a surprise

While it is good to see the government take this step, the question remains whether investors who have obtained an award that comprises of interest component will take up the offer.

US body hails Indian govt's move to withdraw retrospective tax law

US-India Strategic and Partnership Forum (USISPF) on Thursday applauded the Indian move to withdraw the retrospective law relating to tax on indirect transfers.

Top headlines: India buries retrospective tax, RBI to spell out policy

Business Standard brings you the top headlines on Friday

Best of BS Opinion: Avoid arbitrary regulation, China's border games & more

Here are the top BS Opinion articles of the day.

Retro tax must be resolved via Indian law, not arbitral award: Somanathan

Somanathan says that the government doesn't support retrospective taxation since it creates sudden and fresh liability and is not in line with the stability and predictability of taxation

Good sense, finally

Govt wasted nine years in trying to defend the indefensible retro tax

Govt scrapping retro tax an 'extremely positive development': Sanjay Tolia

This proposal demonstrates that the government is intent upon shoring up India's positive investor friendly image, says Partner, Price Waterhouse & Co LLP

Move to do away with infamous retro tax will boost investment sentiments

The Bill now introduced in the Parliament proposes to provide that no tax demand shall be raised on indirect transfers effected prior to 28th May 2012

Govt to amend Income Tax Act to nullify retrospective tax demands

No retro tax demand for indirect transfer of Indian assets made before May 28, 2012; govt also proposes to refund the amount paid in these cases without any interest thereon

Bill to nullify retro tax to boost investors' confidence, says Revenue Secy

The bill introduced in Parliament to withdraw all retrospective tax demands will give confidence to the investor community regarding India's stable tax regime, Revenue Secretary Tarun Bajaj said