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Retrospective Tax News
Vedanta urges govt to resolve retrospective tax issues
Sun, Jan 14, 2018
The demand of Rs 20,495 crore comprises Rs 10,248 crore tax and interest of Rs 10,247 crore
Income Tax dept asks Cairn Energy to pay tax of Rs 10,247 crore
Sun, Apr 09, 2017
The Income Tax Department had raised a tax demand of Rs 10,247 crore and another Rs 18,800 crore in interest for 10 years.
India gets six more weeks to respond to Cairn Energy arbitration
Sun, Nov 20, 2016
Its counsel argued that the government wants the arbitration initiated by Vedanta to be taken up first.
Retrospective tax hangs like "Damocles' Sword" in India: Microsoft
Wed, May 18, 2016
Lockheed Martin India Chief Executive Phil Shaw also said that the challenges that they see in India include those relating to the country's taxation regime.
In need of cash, India chases Rs 8 lakh crore in elusive back taxes
Mon, Apr 18, 2016
In the union budget, Finance Minister Arun Jaitley stuck to an ambitious pledge of reducing the fiscal deficit to 3.5 percent of gross domestic product from 3.9 percent, and improved tax collection could help meet that target.