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How will nullifying the Retrospective tax benefit the economy? | The Urban Debate
Posted
August 5, 2021
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9:24Now PlayingOn The Urban Debate with Tanvi Shukla, we talk about how the Union government nullified Retrospective Tax demands in a bid to send across a message that they intend to provide a friendly taxation atmosphere. What does it mean when govt nullifies Retrospective Tax demands? What is the govt trying to achieve with this amendment? Samir Kanabar, Tax Partner at EY India says this is a welcome move as we are looking at huge CapEx investments in India. Provisions made by these companies as a liability payable to government also gets off their books. Watch the video to see the whole discussion!
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