Centre Releases Draft Rules For Withdrawal of Retrospective Tax Demands
The draft rules say the Centre will not proceed with demands related to retrospective tax levy, provided that all companies withdraw cases against it
Source: ndtv.com
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Taxation Laws Amendment Bill 2021
Taxation Laws Amendment Bill 2021: The Taxation Laws (Amendment) Bill, 2021, was approved by the Lok Sabha on Friday, scrapping retrospective tax demand provisions. The bill allows the government to waive tax demands on indirect Indian asset transfers initiated before May 28, 2012, if the transaction was completed before that date. It also suggested that firms facing
Source: sakshi.com