Relief for Voda, Cairn: Govt to scrap retro tax, proposes to refund collected amount

The finance ministry on Thursday introduced Taxation Laws (Amendment) Bill, 2021 in Lok Sabha to do away with the contentious retrospective tax demand provisions. It also proposes to refund the amount paid by companies facing trail in these cases without interest thereon.

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Aug 6, 2021 - 00:17
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Relief for Voda, Cairn: Govt to scrap retro tax, proposes to refund collected amount
The finance ministry on Thursday introduced Taxation Laws (Amendment) Bill, 2021 in Lok Sabha to do away with the contentious retrospective tax demand provisions. It also proposes to refund the amount paid by companies facing trail in these cases without interest thereon.