World  /  Published 01.06.22

Lanka plans tax rejig

Sri Lanka’s cash-strapped government on Tuesday announced a taxation overhaul to boost revenue amid the country’s crippling economic crisis, hiking value added taxes and corporate income t...
By Reuters in Colombo

Business  /  Published 04.11.21

Cairn set to end tax spat

UK-based Cairn Energy plc on Wednesday said it has agreed to drop its lawsuits to seize Indian properties abroad.  Meeting the requirements of a new legislation that scraps the levy of retrospec...
By Our Special Correspondent in New Delhi

North East  /  Published 17.09.21

‘Multiple taxation’ bandh in Nagaland

Nagaland’s business community on Thursday protested against “multiple taxation” by the Naga political groups (NPGs) and government agencies by observing a 12-hour bandh despite the s...
By Umanand Jaiswal in Guwahati

Business  /  Published 08.09.21

Cairn accepts one bilion dollar refund offer

Cairn Energy on Tuesday said it has accepted the Modi government’s offer to refund the company Rs 7,900 crore (or $ 1.06 billion) to settle the retrospective tax dispute but did not categoricall...
By Our Special Correspondent in New Delhi

Business  /  Published 29.08.21

Draft for withdrawal of retro tax demands

  In a move that will aid closure of retro tax demands against companies such as Cairn Energy and Vodafone PLC, the Income Tax Department on Saturday released draft of rules to drop such demands...
By PTI in New Delhi


Business  /  Published 29.08.21

Draft retro tax rules released

The draft rules for the Taxation Laws (Amendment) Act, 2021, which would end the retrospective tax disputes with Cairn Energy and Vodafone Plc, commits to refund the principal sum within a 30-day time...
By Our Special Correspondent in New Delhi

Business  /  Published 17.08.21

Sitharaman: rules soon on retro tax

Finance minister Nirmala Sitharaman on Monday said the rules that will lead to the scrapping of the retrospective tax demands will be framed soon.  Parliament earlier this month had passed The T...
By Our Special Correspondent in New Delhi

Business  /  Published 12.08.21

Olive branch to 17

After getting Parliament’s seal on the rollback of retrospective tax, the finance ministry plans to formally reach out to 17 firms, including Cairn Energy and Vodafone Plc, to settle their dispu...
By Our Special Correspondent in New Delhi

India  /  Published 09.08.21

RS: Opposition stages walk out

Rajya Sabha Monday took up The Taxation Laws (Amendment) Bill, 2021, with Opposition Congress, DMK and TMC staging a walkout, saying adequate time was not given to them to prepare for a discussion on ...
By Our bureau and PTI in New Delhi

Business  /  Published 05.08.21

LS: Taxation bill introduced

Lok Sabha proceedings were adjourned for the day on Thursday amid continuous disruption by Opposition members over the Pegasus spying issue and three farm laws. After repeated adjournments when the H...
By Our Bureau, PTI


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