The Taxation Laws (Amendment) Bill, 2021 - Burying the Ghost of Retrospective Taxation

Retrospective taxation of indirect transfer of Indian assets has been a subject matter of protracted litigation between MNEs and the Indian Tax Authorities In 2012 provisions of the Indian Tax Code were amended to clarify that capital gains arising from sale of shares of a foreign company are taxable in India in case where such share derive value substantially from assets located in India.

Alert on Taxation (Amendment) Bill 2021 (Retrospective Taxation).pdf

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