India is going to do away with a contentious legislation enacted in 2012 by the previous UPA government, the retro tax provisions. A bill to do away with the retrospective taxation provisions has been tabled in parliament. It nullifies any tax demand made on transfer of indirect Indian assets prior to 2012. The amendment also makes it clear there must be withdrawal of pending litigation (Cairn Energy) and no claim for damages.
- A Peace Nobel Winner Never At Peace With The World
- Why Indigenous Technology Must Form The Core Of India’s National Security Strategy
- China Challenge: ‘India’s Geopolitics Should Be Threat-Based’
- Nepal’s Pro-King, Pro-Hindu Rallies Mask Deepening Economic Crisis
- G20 Is The New G7, Says Jaishankar, Wants An Indian Global Narrative