Retrospective Tax Scrapped Flashcards
1
Q
Which law was enacted by finance minsiter nirmala sitaraman to scrap retrospective tax?
A
The taxation laws (amendment) bill 2021
2
Q
Which act did the union government amend to end retrospective tax?
A
The income tax act
Finance act 2012
3
Q
After the amendment no tax demand shall be raised for any indirect transfer of indian assets if transaction was undertaken before _________
A
28 may 2012
4
Q
When was retrospective tax introduced?
A
Inna 2012 amendement to the finance act
Enabled retrospective tax in deals executed after 1962
