This week’s podcast discusses the recent amendments to the Income-tax Act which have nullified the retrospective levy on indirect transfer of assets situated in India and the reasons which necessitated these amendments. It also talks about their potential impact in boosting investor confidence in India by providing some much-needed tax certainty.   

Audio Source: An article published on the Business Today website in August 2021 https://www.businesstoday.in/opinion/columns/story/retro-tax-rollback-will-it-help-india-woo-foreign-investors-304762-2021-08-20  

Authors: S. Vasudevan, Executive Partner (LKS), and Tanmay Bhatnagar, Senior Associate (LKS)  

Voice: Neelambera Sandeepan, Joint Partner (LKS)  

www.lakshmisri.com