Hutchison Essar Current Affairs, GK & News

Govt buries Retrospective Tax

Finance Minister, Nirmala Sitharaman, introduced a Bill in Parliament to nullify the provisions of Income Tax Act. This bill has put an end to contentious retrospective tax law which has hit the confidence of foreign investors like Vodafone and Cairn. Highlights Government also proposed to refund amount paid in litigation by companies without any interest. ..

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