Retrospective Taxation

Retro is not always cool

The Narendra Modi government’s decision to reverse retrospective taxes, after seven years in office, may have been precipitated by recent judicial reverses, particularly in the case of Cairn Energy

Cairn Energy 'monitoring the situation' as Govt tables legislation to undo retro tax law

In December last year, Cairn Energy had won an international arbitration against India, seeking return of $1.2 billion plus interest.

Open to ‘amicable solution’ with Cairn Energy: Finance ministry

Moneycontrol understands that, as things stand, any offer of an ‘amicable solution’ between the centre and Cairn Energy has to come from the company. The Centre is of the view that while it will not pay up the sum of $1.2 billion plus interest that Cairn Energy claims, a 'reasonable' figure can be reached at.

India should repeal retrospective taxation law: UKIBC

UK India Business Council (UKIBC) CEO Richard Heald said the residual issues of retrospective tax still impact external perceptions of India as an investment environment.

India to move up rapidly in ease of doing biz ranking: Jaitley

India will move up "rapidly" on the Ease of Doing Business ranking within a couple of years following an array of reforms undertaken by the government to ease rules, Finance Minister Arun Jaitley said on June 1

Budget 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.

Budget 2016: Ironing out the kinks in retrospective taxation

Positive changes in retrospective taxation of indirect transfer of shares should be continued in Union Budget 2016

PM promises stable tax regime, easy clearances to investors

Calling Make in India as the biggest brand ever created in the country, Prime Minister Narendra Modi today promised investors a predictable and transparent taxation regime and simplified licensing and clearance processes.

Nifty down 165 points: What do experts make of it?

Dipan Mehta, Member at BSE and NSE says as the Indian markets are concerned, he believes corrections like this are good for investors who have been left out, but traders, he cautions, should be extremely quick and avoid leverage positions

Investing in start-ups still high-risk option: Kotak Realty

On today's Sebi norms on listing start-ups, S Sriniwasan, CEO of Kotak Realty Fund says there is significant value for start-ups to list in the home market. According to him, Sebi has tried to walk a middle-path as far as listing of start-ups is concerned.

Govt does not intend to legislate retrospectively: Jaitley

Terming the controversial retrospective taxation regime a "legacy issue", Indian Finance Minister Arun Jaitley has assured US investors that the government does not intend to legislate retrospectively and is looking to put a "quietus" to the matter.

Thumbs up to govt, but need retrospective tax removal: HCC

Ajit Gulabchand of HCC believes the Modi government inherited an economy that was severely impacted by old policies.

New I-T norms case of retrospective taxation: Tax firm

The new income tax norms announced by the government will need individuals to submit details of their foreign assets, income from sources outside the country and any foreign trips undertaken, including the expenses borne as well.

Cairn India vs Taxman case hearing begins

The Delhi High Court has begun hearing the Rs 20,000 crore tax battle between Cairn India and the tax department. The taxman is alleging that Cairn India did not pay capital gains tax when shares changed hands in the financial year 2007.

FPIs pump in Rs 24,500 cr in Feb; inflows may accelerate

Foreign investors poured in over Rs 24,500 crore in Indian capital markets last month and analysts expect the inflows to rise after the Union Budget sought to address concerns on controversial issues like GAAR and retrospective taxation.

Union Budget 2015: Apply GAAR prospectively, say experts

The 2012 Budget had brought terms such as "retrospective taxation" and "GAAR" - short for General Anti Avoidance Rules - to daily discourse, much to the displeasure of global investors. Three years hence, the call for reigning in these provisions has reached a crescendo with high hopes from the "Make in India" Budget 2015, reports Ashmit Kumar.