Mirror Now
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Government moves to nullify retrospective tax demands; introduces new bill to amend I-T Act
Posted
August 6, 2021
Views
543
Likes
6
Engagement
1.10%
August 6, 2021
543
6
1.10%
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2:57Now PlayingA controversial 2012 law to tax companies retrospectively is set to be scrapped by the govt in a big move that will help companies such as Vodafone and Cairn as well as woo foreign investors. The Indian government has made the move as it proposed a Bill to amend the Income Tax Act. Finance Minister Nirmala Sitharaman introduced The Taxation Laws (Amendment) Bill in the Lok Sabha. This bill impacts retro tax cases of at least two big companies -- Cairn Energy Plc and Vodafone Group of UK. MIRROR NOW's Avni Raja brings in the details. Listen in to know more about this latest update.
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