Tag: Taxation Laws Bill 2021

Centre Notifies Rules To Scrap Retrospective Tax Clause
Centre Notifies Rules To Scrap Retrospective Tax Clause

The Bill has amended the Income Tax Act, 1961 so as to provide that no tax demand shall be raised in future on the basis of the said retrospective amendment for any indirect transfer of Indian assets if the transaction was undertaken before May 28, 2012 - when the finance bill was passed by the Parliament in 2012.

  • Saturday, 02 October 2021
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