The Bill, introduced in the Lok Sabha, nullifies the tax demand on the indirect transfer of Indian assets on transactions prior to 28 May 2012. The law will apply prospectively: gains from the sale of shares of a foreign company will be taxable in India if such shares, directly or indirectly, derive value from assets located in India. This makes eminent sense.
from Latest Telecom News | Latest Telecom Industry News, Information and Update: ET Telecom : ETTelecom.com https://ift.tt/3isGETE
Thursday, August 5, 2021
ET View: A bold move to bury the retro tax ghost
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