You are here

India to amend tax law retrospectively to give relief to foreign firms

RupeeAhmeda120815.jpg
India will amend its tax law with retrospective effect to exempt foreign companies covered under double taxation avoidance agreements from the minimum alternative tax, the finance ministry said in a statement on Thursday.

[NEW DELHI] India will amend its tax law with retrospective effect to exempt foreign companies covered under double taxation avoidance agreements from the minimum alternative tax, the finance ministry said in a statement on Thursday.

The amendment, which would be effective from April 1, 2001, would also provide relief to foreign firms that do not have a permanent establishment in the country, the statement added.

REUTERS

sentifi.com

Market voices on:

Powered by GET.comGetCom