Would the government’s move to withdraw retrospective tax on capital gains arising out of indirect transfer of assets located in India before May 2012 have an adverse impact on the government exchequer?
Sources from the finance ministry as well tax department say that the total refund amount could be around ₹8,000 crore as tax demands were raised in only 17 cases — with maximum demand raised from Vodafone and Cairn energy. While Vodafone had not paid any taxes against the demand raised, Cairn Energy had paid around ₹ 7,000 crore against tax demand of over ₹12,500 crore.
This story is from the August 06, 2021 edition of The Morning Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the August 06, 2021 edition of The Morning Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
Israel Bombs Gaza, Fights Hamas Around Hospitals
ISRAELI forces pounded besieged Gaza on Wednesday in the war sparked by the October 7 attack and fought Hamas around several hospitals despite a UN Security Council demand for a ceasefire.
Hitting Master-Klaasen: Bat, Batter, Best For SRH
Hyderabad post 277/3, highest-ever IPL total in victory over Mumbai
Good Tax Collection Eases Pressure On Corporations
UNLIKE previous years, companies feel less pressure to pay pending dues, as the government has exceeded its revenue targets for the current financial year.
A Basic Test Of Legitimacy For Elections 2024
Institutions can help restore democracy when the opposition is unfairly boxed in, as happened after Emergency. But what happens when a shadow hangs over the independence of the EC?
'Will give ₹3K cr seized by ED to poor'
PM tells BJP’s Krishnanagar candidate to inform voters about legal options being considered
Civic woes galore in Sangam Vihar, solutions not in sight
Falling under South Delhi constituency, basic ammenities are lacking
Rift in Cong over Kolar candidate
Party leaders threaten to quit over move to give seat to food and civil supplies minister’s kin
No bar for CM to govern from jail: Atishi
Senior AAP leader Atishi on Wednesday, addressing a press conference at the party office, asserted that no constitutional provision bars ‘governance from jail’, citing the representation of the People Act, 1951 and the Government of nCT of Delhi (GnCTD) Act to support her claims.
Arrest illegal, AAP out with 'Me bhi Kejriwal'
AAP MLAs arrived at the Delhi Assembly on Wednesday dressed in yellow T-shirts and wearing ‘Kejriwal’ masks, to mark their protest against the arrest of party supremo and Chief Minister Arvind Kejriwal by the Enforcement Directorate (ED) in a money-laundering case linked to the Delhi excise policy 21-22.
Male students in mohiniyattam soon as Kalamandalam goes gender neutral
A meeting of Kerala Kalamandalam’s administrative board on Wednesday decided to make all its courses on performing arts gender-neutral, a move that will now make male students eligible for admission to courses hitherto reserved exclusively for girls, including mohiniyattam and nangiarkoothu.