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Retrospective tax not helping government image: Cairn Energy CEO

Retrospective tax not helping government image: Cairn Energy CEO

The major retrospective tax disputes include those involving Vodafone and Cairn.

Centre, IT to reply on Vodafone plea against special audit notice

Centre, IT to reply on Vodafone plea against special audit notice

Delhi High Court on Thursday sought the Centre's response on Vodafone's plea challenging an Income Tax notice asking the company to show cause why its 2011-12 financial records not be subjected to special audit to arrive at the total income for assessment year 2012-13

I-T Dept slaps Rs 29,000 crore tax demand notice on Cairn Energy

I-T Dept slaps Rs 29,000 crore tax demand notice on Cairn Energy

It is the second firm to have received retrospective tax notice this year after Vodafone Group.

Govt can't waive tax on Vodafone, Cairn: Adhia

Govt can't waive tax on Vodafone, Cairn: Adhia

 Government cannot waive the multi- billion dollar tax liabilities that Vodafone and Cairn Energy face, although it has done the most it could in offering to remove interest and penalty if the principal is paid, Revenue Secretary Hasmukh Adhia has said.

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.

Govt has taken 'one step forward' on retro tax issue: Jaitley

The government has taken "one step forward" to resolve the retrospective tax cases by putting in place a statutory mechanism for ending such disputes, Finance Minister Arun Jaitley said on Wednesday.

Budget 2016 may address retrospective tax concerns

Budget 2016 may address retrospective tax concerns

In an interview to PTI, Chief Economic Advisor Arvind Subramanian has said that the present government is taking "consistent steps" to deal with the legacy tax issues to regain investor confidence.

Aapka Bazaar: Rashesh Shah On Vodafone Tax Issue Of Paying Rs 14200 crore

Watch the video and check out what Rashesh Shah, chairman of Edelweiss Group, has to say about the issue noticed to Vodafone for paying tax dues of Rs 14200 crores.

FM Jaitley pushes GST, reassures on back taxes

FM Jaitley pushes GST, reassures on back taxes

Jaitley reiterated a reassurances that India would not pursue foreign companies with new retroactive tax claims, adding that he would like to see the few remaining disputes resolved "as expeditiously as possible."

 

Retrospective tax is a thing of past, says PM Narendra Modi; India-France sign 16 MoUs

Retrospective tax is a thing of past, says PM Narendra Modi; India-France sign 16 MoUs

He also announced that France would immediately start investing USD 1 billion in India annually which will be scaled up later. The two sides also signed 16 MoUs, including one for manufacture of helicopters in India.

Retrospective Tax is thing of the past, will never be opened again: PM Narendra Modi

Retrospective Tax is thing of the past, will never be opened again: PM Narendra Modi

Addressing the business leaders of France and India here in presence of French President Francois Hollande, Modi said his government wants to ensure that foreign investors are clear about tax systems that will prevail in India over the next 15 years.

British MP nudges Jaitley on Cairn Energy tax dispute

British MP nudges Jaitley on Cairn Energy tax dispute

In January 2014, Cairn was slapped with a Rs 10,247 crore assessment notice.

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

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.

Cairn writes to PM Narendra Modi on retrospective tax case

Cairn Energy chief executive Simon Thomson wrote to Modi recalling his statement in London that the government "will not resort to retrospective taxation and has demonstrated this position in a number of ways".

 

CBDT asks officials not to pursue pending MAT cases

CBDT asks officials not to pursue pending MAT cases

Days after the government decided to exempt foreign funds from tax on profits earned before April 1, the CBDT on Thursday issued a circular asking its fields officers to keep in abeyance pending assessments and not to recover any outstanding demand.

Sensex plunges 243 points to 13-month low as China concerns outweigh MAT relief

The 50-share Nifty after recapturing the 7,800-mark in early trade to touch a high of 7,862.55, succumbed to selling pressure and cracked the 7,700-level to a low of 7,699.25 before settling at 68.85 points or 0.88 per cent lower at 7,717.00.

No retrospective tax on FIIs; govt accepts Shah panel report

In a big relief to FIIs, the government on Tuesday accepted recommendation of a high level panel that minimum alternate tax (MAT) should not be imposed on overseas portfolio investors retrospectively.

Govt accepts Shah Panel report, no retrospective tax on FIIs

The government has accepted the Justice A P Shah panel report which recommends non-applicability of Minimum Alternate Tax (MAT) on FIIs, Finance Minister Arun Jaitley said on Tuesday.

Chidambaram blames Modi govt for not scrapping retro tax

Dismissing the charge of obstructionism in Parliament against Congress, former Finance Minister P Chidambaram on Thursday blamed the government for not scrapping retrospective tax and MAT on FIIs despite its commanding strength in the Lok Sabha.

Retrospective tax issue needs quick-fix: Naina Lal Kidwai

Seasoned banker Naina Lal Kidwai says the issue of minimum alternate tax needs to be tackled amicably and fast, even as she sees full convertibility of the rupee as a 10-year programme.