Retrospective Amendment

The proposal was to allow the country to retrospectively tax cross-border transactions in which the underlying assets are located in India.

Voda case paves way for cos in retro tax net: Porus Kaka

Sanofi‘s Senior Advocate And Lead Counsel Porus Kaka hopes that Vodafone conciliation would pave way for many such companies which are stuck under the retrospective amendment of I-T Act

Vodafone conciliation step in the right direction: Experts

Experts point that how the Vodafone conciliation shapes up and whether government agrees to waive of interest and the penalty related to tax liablity would be more crucial.

Retrospective change in I-T act must go, say experts

Legal experts say that while Vodafone conciliation could pave way for alternate dispute mechanism, the retrospective amendment in Income Tax Act introduced by Pranab Mukherjee in 2012-13 to deal with cases like Vodafone Plc must be done away with.

Retro Amendment only for companies under I-T scrutiny

But CNBC-TV18‘s Aakansha Sethi reports that the government is planning to apply Section 9 of the Retrospective Amendment‘s to companies under tax scrutiny and not on cases that have already been settled.

Vodafone prefers dialogue with govt to arbitration: Counsel

The counsel for telecom major Vodafone, Anuradha Dutt, today told CNBC-TV18 that the company will consider a settlement with the government once they are willing to discuss the matter.

BJP will not play ball on 49% FDI cap: Sinha

Yashwant Sinha, former finance minister and senior BJP leader, made it clear on CNBC-TV18 that the BJP will not go along on the limit of 49% in FDI.

FIIs take U-turn on Indian mkt: What has changed this week?

India is back on the radar with foreign brokerages like Deutsche Bank, Morgan Stanley, BNP Paribas and JP Morgan upgrading their India rating. Falling crude prices, beaten down valuations and the promise of policy action have forced global investors to revisit the Indian markets, report CNBC-TV18's Nimesh Shah and Animesh Das.

Govt may drop GAAR, PM to issue clarification soon: Sources

Finance Ministry now under the Prime Minister is likely to issue a clarification circular on the retrospective amendment of section 9, reports CNBC-TV18's Aakansha Sethi quoting sources.

Basu's forex paper, PM finmin review indicates govt action

CNBC-TV18's economic editor Siddharth Zarabi explains that chief economic advisor Kaushik Basu‘s paper on forex manipulation and the Prime Minister‘s detailed statement to the finance ministry listing the problems that needed to be addressed in the financial sector, are clearly indicative of the change of guard and attitude in the government.

Normal overseas investors cry foul over retro amendment

CNBC-TV18's Archana Shukla reports that global offshore funds, whose portfolios include investors who are neither FIIs or QFIs are unhappy over the retrospective amendment.

Retrospective amendments are privilege of FM: Swraj Paul

Coming out strongly in support of Finance Minister Pranab Mukherjee, British parliamentarian Lord Swraj Paul told CNBC-TV18 that India was not the first country where a retrospective amendment had been introduced.

Retrospective amendment not good, says Sunil Munjal

Hero MotoCorp's Sunil Munjal is not happy with the government's decision of a retrospective amendment to the IT act.

Vodafone wins, but battle far from over, say experts

Once bitten, twice the shy, they say. But the government decided to give itself another go at Vodafone after the Supreme Court ruled in favour of the company in January in the Rs 11000 crore tax case. And again, the government has been restrained as the SC dismissed the review plea. CNBC-TV18 talks to tax experts for their first reaction.

Vodafone case petition up for review tomorrow

The fate of the government’s review petition in the Rs 12,000 crore tax case with Vidafone will be decided tomorrow by the chief justice-led Supreme Court bench that had passed the order in favour of Vodafone this January. Check out the Vodafone counsel's comments.

Tax rollback is good step, says tax guru

HP Ranina, one of India's foremost corporate tax lawyers, explained that the tax rollback from 14% to 12% was a step in the right direction. He also highlighted the dilemma on the implementation of GST

Budget Reactions: Retrospective tax amendment difficult for Indian businesses

Genpact's Pramod Bhasin tells CNBC-TV18 that the retrospective amendment to tax Vodafone like cases only makes doing business in India harder and more cumbersome.