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MNCs may face Rs 11,000 cr retro tax demand after SC ruling

Multinational companies based in the Netherlands, Switzerland, and France may face retrospective tax demands of around ₹11,000 crore on dividend income repatriated from India. This follows a Supreme Court ruling stating that the lower 5% withholding tax on dividend income is not applicable to all OECD countries on a most favoured nation (MFN) basis. The court held that the 5% rate only applies to companies based in countries with which India has a double taxation avoidance agreement (DTAA).

Cairn Gets Rs 7,900 Crores From India In Retro Tax Dispute Settlement

The Indian government has refunded Rs 7,900 crore to Britain's Cairn Energy Plc to a dispute over the levy of retrospective taxes.

India refunds Rs 7,900 cr to Cairn Energy to settle retro tax dispute

Govt To Settle Almost All Retrospective Tax Cases This Month, Says Revenue Secretary

Govt To Settle Almost All Retrospective Tax Cases This Month, Says Revenue Secretary
swarajyamag.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swarajyamag.com Daily Mail and Mail on Sunday newspapers.

After Retro Tax, Modi Government Should Be Ready To Swallow Bitter Devas Pill Too

After Retro Tax, Modi Government Should Be Ready To Swallow Bitter Devas Pill Too
swarajyamag.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swarajyamag.com Daily Mail and Mail on Sunday newspapers.

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