The Taxation Laws (Amendment) Act, 2021, amends the Income Tax Act of ______.
1961
The correct answer is 1961.
The key provisions included: Nullifying tax demands raised for indirect transfers of Indian assets if the transaction occurred before 28th May 2012. Refund of taxes already paid in such cases, albeit without interest. Requirement for companies to withdraw pending litigations related to these demands and furnish an undertaking that they would not pursue future claims. This amendment was intended to provide certainty to investors and resolve long-standing disputes stemming from earlier retrospective tax provisions.
Similar Questions
In January 2022, the Supreme Court of India quashed the one-year suspension of 12 MLAs, belonging to the state of _________, who had been suspended for ‘disorderly conduct’.
The Central Universities (Amendment) Bill, 2021 seeks to establish a Central University in which of the following states/ Union territories?
In December 2021, which State Assembly passed two bills to reserve 50% seats for women for 10 years on a rotational basis in constituencies of the civic bodies in the state?
Gajendra Singh Shekhawat is in charge of the Ministry of ________ as of September 2019.
In the Winter Session of Parliament, which was held from 29 November 2021 to 22 December 2021, ___________ bills were passed (excluding an Appropriation Bill).
As on September 2019 who is the defence minister of India?
In December 2021, which of the following ministries tabled the draft Mediation Bill in Parliament?
Which Union Territory’s appropriation Bill passed in Lok Sabha in 2021 allowed the Central Government to authorise payment and appropriation of certain further sums from and out of the Consolidated Fund of the said Union Territory for the services of the financial year 2020-21?
Which of the following state legislative assembly elections were scheduled in February-March 2022?
The upper house of the Indian parliament is also known as:
Important Questions from Polity
Who was the founder chairperson of Central Social Welfare Board?
Which of the following High Courts has the largest number of seats?
Who is Political Sovereign in India ?
Which one of the following best defines the term ‘State’?
In India, the first hour of every Parliamentary sitting is allotted for ________.
