The Central government on Thursday proposed to amend Income Tax Act to provide that no tax demand shall be raised in future on the basis of said retrospective amendment for any indirect transfer of Indian assets, if transaction before May 28, 2012.
London: Finance Minister Arun Jaitley today rejected suggestions that the huge retrospective tax demand on Cairn India has overshadowed enthusiasm in the Indian economy and said it is a “legacy” issue that has to be
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