Govt Will Refund Rs 8000 Cr To 4 Companies Once New Taxation Laws Come Into Effect: CBDT Chairperson


Once the Taxation Laws (Amendment) Bill, 2021 becomes law by early next week, the Government will have to pay Rs 8000 crore to four companies including Cairn Energy, Vodafone, WNS Capital and one more, said Central Board of Direct Taxes (CBDT) Chairperson JB Mohapatra after Taxation Laws (Amendment) Bill, 2021 was passed in Rajya Sabha. The Bill will do away with the retrospective tax provision and end all retrospective taxes imposed on indirect transfer of Indian assets made before May 28, 2012.


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Govt Will Refund Rs 8000 Cr To 4 Companies Once New Taxation Laws Come Into Effect: CBDT Chairperson.