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RETRO TAX RULES
Retrospective tax: Cairn drops suits against Air India, Centre in USCairn had filed a petition on February 12 in the District of Columbia court to confirm the arbitration award it won against India last Dece...- Vodafone Group says has applied to settle retro tax dispute with Indian Govt"We can confirm we have filed an application. We have always been confident that no tax liability arose in respect of our acquisition of th...
- New rules for Vodafone retrospective tax settlement notifiedVodafone’s tax demand in the tax dispute was validated under section 119, as distinct from the others and therefore a separate set of rules...
- 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...
- Retro tax settlement: Government may issue rules this weekThe rules offer up to 45 days from the date of final notification for litigants to provide an undertaking for settlement, and up to 15 days...
- Many retro tax rules continue to haunt companies“There are several retrospective regulations, albeit introduced from the beginning of the year, causing several problems for companies,” sa...
- Retro tax: Government issues draft rules for litigation settlementThis would be in addition to their own undertaking to withdraw any pending litigation or proceeding before any forum and assurance that the...
- 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'
- India asks US court to reject Cairn's $1.2 billion suitCairn had in May asked a US federal court to force Air India to pay a USD 1.26 billion arbitration award the firm had won in December.
- 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...
- Vodafone retro tax case: All you need to knowIn 2012, Indian govt amended the Income Tax Act retrospectively.
- Strong hints emerge that India is unlikely to take Vodafone tax embarrassment lying downThere is a possibility that India may take the order to the Singapore High Court. There are talks of similar, now-settled cases involving o...
- 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...
- Retrospective tax: Government should unveil tax proposals in advanceThe government should amend the finance bill to make contributions of private sector employees tax-free from May 2009.
- Budget 2014: Move to handle Retro tax amendment with caution a good one, says Rahul Garg of PwC IndiaThe announcement that the government will not introduce any retro amendment and mechanism to issue clarification on grey areas will certain...
- Budget 2014: How not scrapping the retrospective tax would be a huge letdown for foreign investorsForeign investors are not looking for a general statement of intent saying the government is opposed to the concept of retro taxes. They ex...
- Rebuilding investor confidence should be top priority of the new government: Harish SalveNew government’s top priority should be to rebuild investor confidence in administration and reorient economic policies and attitudes towar...
- Tax authorities miffed at Shome Panel's reportsThe tax authorities are likely to oppose most of the conclusions of two panels, both headed by tax expert Parthasarathi Shome.
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