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Government puts a stop mark on the retro tax, to boost make in India
#RetroTax #makeinindia #AatmanirbharBharat
Govt. stops retro tax
The Government has ordered to nullify the retrospective tax clauses that were introduced in 2012 to bring past indirect transfer of Indian assets under the ambit of taxation. Experts say, it’s the right call India government has taken in drawing the curtains on the retrospective tax. The country needs to strengthen the confidence of investors, not dangle the sword of uncertainty over them. The amendment for retrospective taxation yielded no revenues, only brought about disrepute to the government. The government proposes to refund the principal amount in full to the litigants, but the companies will need to withdraw the cases and furnish undertakings that they won't claim cost damages or interest. It recognises the importance of certainty in tax laws which is a key factor in ensuring confidence in India as an attractive investment destination and expressed strong ambition for an Aatmanirbhar Bharat.
The retrospective applicability of this provision met with sharp criticism. On 5th August, the ghost of this retrospective tax has been finally laid to rest. The government has introduced The Taxation Laws (Amendment) Bill, 2021 to undo this insidious provision from the Finance Bill, 2012. This will potentially help resolve 17 cases in which income tax demand had been raised. In two high profile cases—Cairn and Vodafone—the corporate entities had already won various legal and arbitration awards. The order says, the government will not raise tax demands in any such case if the transaction occurred before 28 May 2012. Any demand already raised will be withdrawn and any taxes collected will be paid back for the principal amount. In the cases where litigation is pending, this will be done after the impacted corporate party gives an undertaking not to contest the case further. This is a welcome move and also a practical implementation plan.
Today's Headline in Neद्वारा VARINDIA| 55 दृश्य
यूक्रेन में फंसे भारतीयों पर रवनीत बिट्टू बोले- 'ये वक्त आरोप-प्रत्यारोप का नहीं, सरकार कर रही काम
Delhi: यूक्रेन में फंसे भारतीयों पर रवनीत बिट्टू बोले- 'ये वक्त आरोप-प्रत्यारोप का नहीं, सरकार कर रही काम
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यूक्रेन में फंसे भारतीयों पर रवनीत बिट्टू बोले- 'ये वक्त आरोप-प्रत्यारोप का नहीं, सरकार कर रही कामद्वारा Janta TV| 110 दृश्य
यूक्रेन में फंसा कौशाम्बी का छात्र, वीडियो के ज़रिए लगाई भारत सरकार से मदद की गुहार
#Kaushambi#Student_Pramod_Kumar#Trapped_Ukraine#Requested_Help#India_Government#Through_Video
रसिया और यूक्रेन के बीच जारी युद्ध के बीच यूक्रेन में कौशाम्बी जिले का एक छात्र भी फंसा हुआ है,छात्र ने सोशल मीडिया में वीडियो के माध्यम से भारत सरकार से मदद की गुहार लगाई है।सैनी कोतवाली क्षेत्र के चक मानिकपुर सैदपुर राजे गांव के रहने वाले छात्र प्रमोद कुमार ने वीडियो में कहा कि दो दिन से बंकर में लगभग 300 छात्र छुपे हुए हैं,रूस बॉर्डर नजदीक होने के चलते धमाके से सभी लोग दहल रहे है,धीरे-धीरे खाद्य सामग्री भी समाप्त होने लगी है,मिनिया और पोलैंड का बॉर्डर 17 सौ किमी दूर फंसा हुआ है,बॉर्डर पर पहुचने में दो दिन का समय लगेगा,सोशल मीडिया के माध्यम से परिजनों को संदेश भेजा है और सरकार से मदद की गुहार लगाई है।
यूक्रेन में फंसा कौशाम्बी का छात्र, वीडियो के ज़रिए लगाई भारत सरकार से मदद की गुहारद्वारा LNV India| 69 दृश्य
ख़ुशख़बरी :- अब आप भी खोल सकते है इलेक्ट्रिक गाड़ियों के लिए चार्जिंग स्टेशन | News Remind
ख़ुशख़बरी :- अब आप भी खोल सकते है इलेक्ट्रिक गाड़ियों के लिए चार्जिंग स्टेशन | News Remind
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Diesel में सिर्फ 1 Rupees कम करने का नहीं है Farmers को Benefit
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Families of CRPF personnel have raised this issue: Rahul Gandhi on evidence of IAF aerial strike
New Delhi: While addressing the press conference on Rafale deal in the national capital today, Congress president Rahul Gandhi said, “Overall our alliances are on track, in Delhi the party unit unanimously said no to an alliance.”
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Best XI for the second week of Cricket World Cup 2023 | Best performers of ODI World Cup 2023
Best XI for the second week of Cricket World Cup 2023 | Best performers of ODI World Cup 2023
Check here the top performers of the second week of ODI World Cup 2023. Here are the top players who have given their best to ensure their teams win the World Cup
This content contains the Best players from the second week of the world cup 2023.
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Best XI for the second week of Cricket World Cup 2023 | Best performers of ODI World Cup 2023द्वारा CricTracker| 302 दृश्य
How To : Fuller lips with Easy Techniques - No Lip Liners - No Overlining Ft. Pilgrim Lip care range
Pilgrim, a vegan skincare brand, has announced that it is launching a lip care range, including lip serums, lip balms, lip scrubs and lip sleeping masks, in a range of fun and deliciously fragrant flavours including bubblegum, blueberry, and peppermint.
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Amit Shah के बयान पर Congress ने किया पलटवार | Randeep Singh Surjewala | Madhya Pradesh | #dblive
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