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Taxation Laws (amendment) Bill

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Bill to withdraw retro taxes delayed but welcome move, says Former Finance Secretary Arvind Mayaram

The Bill seeks to withdraw the tax liability on gains arising from indirect transfer of Indian assets prior to May 28, 2012.
India committed to predictability in taxation, says Finance Secretary as Govt seeks to undo retro tax

The proposed Bill lays down the procedure for tax refunds subject to conditions, Finance Secretary TV Somanathan said, adding that it "represents the best way forward" and offers a "fair solution" to companies who have objected to the retro tax law.
Tata Comm at 7-yr high, investors rejoice VSNL land demerger

According to Bank of America Merill Lynch, the land parcel is valued at RS 103 per share, which is at 75 percent discount to the estimated market value of Rs 412 per share.

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