The Taxation Laws (Amendment) Bill 2021 was passed in Rajya Sabha on Monday. The bill proposes amendments to the Income Tax Act, 1961 and does away with the contentious practice of retrospective tax
New Delhi [India], August 10 (ANI): 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.
According to the order, J B Mohapatra, holding the additional charge of CBDT chairman, will have the "substantive" charge of member investigations, which has superintendence over the country-wide probe wings, intelligence and criminal investigation directorates of the tax department.