Latest News on Retro Tax
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Retro Tax - Total results - 9
Jul 27, 2016
Govt fixes Dec 31 deadline for retro tax settlement schemeGovernment 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.
Jul 12, 2016
Cairn Energy claims $5.6 bn compensation from Indian govtIt 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
May 28, 2015
Chidambaram takes on Centre for not scrapping retro taxReviewing the performance of the Modi government, he said farmers and unemployed would give a "very low" rating.
Jul 26, 2014
WTO deal: Whole world is watching, US threatens as India sticks to its concernsIndia's ultimatum has revived doubts about the future of the WTO as a negotiating body
Jul 26, 2014
With revival on mind, Jaitley promises simple tax regime, offers relief to debt MFsThe finance minister said the government would focus on smoother and investor-friendly tax policy
Jan 09, 2013
FinMin to reply to Vodafone's response on tax dues soonThe 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.
Dec 27, 2012
Retro tax, GAAR make 2012 eventful for tax reformsRetrospective tax amendment to bring into net Vodafone-type deals and concerns over implementation of GAAR kept the Revenue Department busy in 2012.
Oct 31, 2012
Retro-tax laws: Shome panel submits final report to govtThe government-appointed panel on taxation of indirect transfer of assets submitted its report to Finance Minister P Chidambaram.
Jun 04, 2012
Retro tax may spare deals if India assets are not significantThe report quoted a finance ministry official as saying that indirect transfers will be taxable if 'substantial' value is derived from Indian assets.