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FinMin to reply to Vodafone's response on tax dues soon
Fp Archives •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.
Retro tax, GAAR make 2012 eventful for tax reforms
Fp Archives •Retrospective tax amendment to bring into net Vodafone-type deals and concerns over implementation of GAAR kept the Revenue Department busy in 2012.
Retro tax may spare deals if India assets are not significant
Fp Staff •The report quoted a finance ministry official as saying that indirect transfers will be taxable if 'substantial' value is derived from Indian assets.
With revival on mind, Jaitley promises simple tax regime, offers relief to debt MFs
Fp Archives •The finance minister said the government would focus on smoother and investor-friendly tax policy