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Govt fixes Dec 31 deadline for retro tax settlement scheme

Jul 27, 2016

Govt fixes Dec 31 deadline for retro tax settlement scheme

Government has fixed December 31, 2016 as the deadline for companies like Vodafone and Cairn Energy Plc to settle their retrospective tax disputes. The one-time offer to settle tax issues by waiving of interest and penalty, if the companies paid up the principal tax amount, had opened on June 1 this year. #Vodafone #NewsTracker #Income Tax Department #Cairn Energy #Hutchison Whampoa #retro tax #Finance Minister Arun Jaitley
Cairn Energy claims $5.6 bn compensation from Indian govt

Jul 12, 2016

Cairn Energy claims $5.6 bn compensation from Indian govt

It sought $1.05 billion in compensation for the loss of value its 9.8 percent shareholding in its erstwhile subsidiary Cairn India suffered following Income Tax Department raising the tax demand in January 2014 and attaching the shares #Cairn Energy #Income tax #Cairn India #I-T Department #compensation #retro tax
WTO deal: Whole world is watching, US threatens as India sticks to its concerns

Jul 26, 2014

WTO deal: Whole world is watching, US threatens as India sticks to its concerns

India's ultimatum has revived doubts about the future of the WTO as a negotiating body #Finance minister #Arun Jaitley #Tax #retro tax #Budget 2014
With revival on mind, Jaitley promises simple tax regime, offers relief to debt MFs

Jul 26, 2014

With revival on mind, Jaitley promises simple tax regime, offers relief to debt MFs

The finance minister said the government would focus on smoother and investor-friendly tax policy #Finance minister #Arun Jaitley #Tax #retro tax #Budget 2014
FinMin to reply to Vodafone's response on tax dues soon

Jan 09, 2013

FinMin to reply to Vodafone's response on tax dues soon

The Revenue department will soon send a reply to Vodafone over the representation received from the company on its rejoinder notice asking the British firm to clear the tax dues, estimated at around Rs 11,200 crore. #finance ministry #Vodafone #NewsTracker #retro tax
Retro tax, GAAR make 2012 eventful for tax reforms

Dec 27, 2012

Retro tax, GAAR make 2012 eventful for tax reforms

Retrospective tax amendment to bring into net Vodafone-type deals and concerns over implementation of GAAR kept the Revenue Department busy in 2012. #Vodafone #Tax #GST #Gaar #retro tax #Shome Panel #RearView2012
Retro tax may spare deals if India assets are not significant

Jun 04, 2012

Retro tax may spare deals if India assets are not significant

The report quoted a finance ministry official as saying that indirect transfers will be taxable if 'substantial' value is derived from Indian assets. #HowThisWorks #Mergers and acquisitions #Pranab Mukherjee #Vodafone #retro tax