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RETRO TAX DEMAND
Retro tax waiver set to ease gaming companies Rs 1 lakh core tax painThe Goods and Services Tax (GST) council's recommendation to allow the government to overrule retrospective tax demands could resolve pendi...- Retro tax demand on online gaming companies may be quashedAs per the recommendation tax notices in cases where the lower tax was paid due to interpretation of law or lack of clarity can be quashed,...
- Cairn says completed all steps of retro tax repeal law, entitled to Rs 7,900 cr tax refundThe company on November 26, 2021, initiated proceedings to withdraw lawsuits it had filed in several jurisdictions to enforce an internatio...
- Vedanta withdraws cases against government to settle retro tax disputePost slapping of a Rs 10,247 crore tax demand on UK's Cairn Energy Plc for alleged capital gains made on a 2016 internal reorganisation of ...
- Separate rules soon for Vodafone retrospective tax settlementVodafone will have 45 days from the date of notification of these rules to approach the government for settlement. "Rules would be notified...
- Government releases draft of declaration to be given by companies to enable withdrawal of retro tax demandsCairn was levied tax for a 2006 internal reorganisation of India business before listing while Vodafone was charged for not withholding tax...
- Indian government asks a US court to dismiss Cairn Energy's plea on $1.2 billion award, cites 'sovereign immunity'
- FM Nirmala Sitharaman says rules on retro tax to be framed soonNow the rules for the same have to be framed, which Sitharaman said will be done soon. The finance minister said her ministry officials are...
- Lok Sabha passes tax amendment bill, will help settle disputes with Cairn, VodafoneScrapping of retro tax clause of Finance Act 2012 will now settle the long-drawn litigation with Vodafone Group and Cairn Energy omitting a...
- ConocoPhillips-styled Indian overseas assets seizure to collect $1.4 bn Cairn awardIn 2019, ConocoPhillips had moved US courts to seize Venezuelan state oil company PDVSA's assets to collect USD 2 billion compensation it h...
- Arbitration panel cites PM, minister's assertion on retro tax to overturn Cairn tax demandIn the order, the tribunal, which consisted of one member appointed by the Indian government, said the Bharatiya Janata Party's (BJP) 2014 ...
- Vodafone retro tax case: All you need to knowIn 2012, Indian govt amended the Income Tax Act retrospectively.
- Cairn Energy seeks $1.4 billion from government in losses from retro tax demand"The main evidentiary hearing of Cairn's claim under the (UK-India Bilateral Investment) Treaty took place in August 2018 in The Hague with...
- Cairn Energy's legal cost for fighting retro tax demand nearly triplesCairn Energy has said that its legal cost in an arbitration against the Indian government has tripled in 2018.
- CBDT extends deadline for tax settlement scheme till January 31The offer to settle the disputes was to end on December 31, but it has now been extended till January 31, said the Central Board of Direct ...
- Small businessmen wary of retro tax demand under GST mechanism“GST will not only impact the indirect tax collection but also the income tax collections,” said the tax head at consultancy.
- No dichotomy between assurances and action on retro tax: Jayant SinhaThe Income Tax Department yesterday said it will move the Supreme Court challenging the Bombay HC order in the Rs 8,500-crore Vodafone tran...
- Budget 2016: Noise over the rich being taxed more is misplaced, says Hasmukh AdhiaHasmukh Adhia said that it is up to the companies facing tax demand under earlier retroactive changes to accept the government’s offer or f...
- Fearful of retro tax rap, PEs demand indemnity from companiesOn Wednesday, a spokesperson for the CBDT clarified further that fears relating to retrospective taxation are unfounded.
- Retro tax law not applicable on dividends by foreign firmsThe erstwhile UPA government had amended the tax laws in 2012 budget retrospectively, allowing tax authorities to tax overseas transactions.
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