Retro tax no more; refunds to Cairn, Vodafone demands likely: 10 things to know2 min read . Updated: 05 Aug 2021, 09:49 PM IST
The move to scrap retrospective tax law comes as Cairn is threatening to confiscate overseas Indian assets to cover for its arbitration award
Central government has finally found it in its heart to bury the retrospective tax law. Amendments to the Income-tax Act, 1961, were introduced in the Lok Sabha on Thursday for withdrawing all retrospective tax demands raised under the contentious law and issue refunds, without interest, against such.
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