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“The bill proposes to amend the Income Tax Act 1961 to provide that in the future, based on the said retrospective amendment, there will be no tax demand for any indirect transfer of Indian assets if the transaction was completed before May 28, 2012.” – said in a written statement of the Minister of Finance Nirmala Sitharaman along with the bill.


Government tables Amendments to income tax to abolish the retrospective tax



Name Price Change % Chg
Sbi 441.85 -15.10 -3.3
Indiabulls Hsg 270.25 -0.90 -0.33
Ntpk 116.50 -1.35 -1.15
Rec 155.10 0.70 0.45

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