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HindustanTimes Wed,16 Apr 2014

Decision on retro tax before budget

HT Correspondent, Hindustan Times  New Delhi, October 08, 2012
First Published: 20:51 IST(8/10/2012) | Last Updated: 00:51 IST(9/10/2012)

In a move that is likely to soothe frayed nerves of investors, finance minister P Chidambaram on Monday hinted the government would amend the clause that allows retrospective taxation of corporate deals before the budget in February. “Once we take a view (on Shome panel report), I see no reason why we should wait for the budget session. We should move whatever changes have to be brought about in Parliament as early as possible,” Chidambaram said.

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The Parthasarathi Shome-panel has submitted its final recommendations on contentious clause included in this year’s Finance Act last week.

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