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Retrospective taxation News

retrospective taxation

07 Apr 2016

No dichotomy between assurances and action on retrospective tax: Jayant Sinha

Dismissing notions of contradiction between ministerial assurances and departmental actions on retrospective taxation, Union Minister Jayant Sinha on Thursday said Income Tax department has to follow "due process of law" in the Rs 8,500-crore Vodafone transfer pricing case.

Prime Minister Soudi Arabuia vist

03 Apr 2016

GST to roll out soon; retrospective taxation thing of past: PM Modi

Promising easier business environment for global investors, Prime Minister Narendra Modi on Sunday said retrospective taxation has been relegated to history, but he is "not able to do anything" on two pending cases from the previous government as "they are sub-judice".

16 Mar 2016

Recovery process of Rs 29,000-cr tax to continue till Cairn takes settlement: Govt

Close on heels of Income Tax Department slapping a Rs 29,000-crore tax demand notice on Cairn Energy, the government on Wednesday said normal recovery process will continue till the British firm takes one-time settlement offered in the Budget

03 Mar 2016

Retrospective tax not fully addressed in Budget: UK investors

The Indian Budget has received a positive response from the UK-based Indian business community but the issue of retrospective taxation was flagged as a concern by them.

13 Feb 2016

Make in India Week: PM Narendra Modi promises stable tax regime, more reforms

Modi said that India is probably the most open country for Foreign Direct Investment (FDI), which has increased by 48 percent since the BJP government came to power in May 2014.

27 Dec 2015

Retrospective tax issues: Govt open to out-of-court settlement

Keen to put an end to the overhang of legacy issues, the government is open to any proposal for an out-of-court settlement of retrospective tax issues like the ones facing Vodafone and Cairn Energy.

18 Apr 2015

'Misadventure' of retrospective taxation will be costly: FM Jaitley

Ruling out the use of retrospective taxation by the present administration, Finance Minister Arun Jaitley has said a permanent law in this regard is not possible and the cost would be "too heavy" if any future government indulges in such a "misadventure".

Taxation in India

17 Aug 2014

Govt against high taxation; both pro-business, pro-poor: FM

Union Finance Minister Arun Jaitley on Saturday said the Narendra Modi government does not believe in a high taxation regime but is being pro-business and pro-poor at the same time.

25 Jul 2014

Retro tax was a retrograde step: Arun Jaitley

He stressed that low taxation is good for the economy and he has tried to pursue it in his budget with a view to giving a fillip to manufacturing sector.

18 Jul 2014

Need to correct lopsided subsidy policy: FM

Replying to the Budget debate in the Lok Sabha on Friday, Finance Minister Arun Jaitley emphasised that politicians must rise above party politics to bring back the economy to high growth trajectory.

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