Draft rules for amendments by Taxation Laws (Amendment) Act, 2021 By Anand Gupta TaxGuru

Draft rules for amendments by Taxation Laws (Amendment) Act, 2021 No tax demand shall be raised in future on the basis of the amendment to section 9 of the Income-tax Act made vide Finance Act, 2012 for any offshore indirect transfer of Indian assets if the transaction was undertaken before 28th May, 2012 (i.e., the date on which the Finance Bill, 2012 received the assent of the President).

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