Withdrawal of the retrospective tax

INDIA - Report 06 Aug 2021 by Ila Patnaik

The government of India has moved a bill to withdraw the retrospective tax introduced in 2012 that led to litigation such as the Vodaphone and Cairn cases. While the bill will put an end to 17 cases in which the tax was imposed retrospectively, this is not a move to resident-based taxation. ​

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