Rajya Sabha returns bill to end all retrospective taxation
The Hindu
After the 'The Taxation Laws (Amendment) Bill, 2021' was returned by Rajya Sabha, all tax demands made on companies using a 2012 legislation on indirect transfer of Indian assets prior to May 28, 2012 will be withdrawn.
A bill that aims to end all retrospective taxes imposed on indirect transfer of Indian assets was returned by Rajya Sabha on Monday amidst a Now After the 'The Taxation Laws (Amendment) Bill, 2021' is returned by Rajya Sabha too, all tax demands made on companies like Cairn Energy and Vodafone using a 2012 legislation on indirect transfer of Indian assets prior to May 28, 2012 will be withdrawn.
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