Retrospective tax explained and why removing it lays to rest India’s biggest tax blunder

The Taxation Laws (Amendment) Act, 2021, received the assent of the President on August 13, scrapping the retrospective taxation clause in income tax law. So what is Retrospective Tax, and why did the government remove it? ET’s Sachin Dave takes you through the past, present and future of the Retrospective tax? Watch.
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Business News › News › Economy › Policy › Retrospective tax explained and why removing it lays to rest India’s biggest tax blunder
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