{"id":18904,"date":"2012-04-01T10:35:32","date_gmt":"2012-04-01T05:05:32","guid":{"rendered":"https:\/\/www.legalindia.in\/news\/?p=18904"},"modified":"2012-04-01T10:35:38","modified_gmt":"2012-04-01T05:05:38","slug":"pranab-defends-amending-it-act-to-deal-with-vodafone-type-deals","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/news\/pranab-defends-amending-it-act-to-deal-with-vodafone-type-deals","title":{"rendered":"Pranab defends amending IT Act to deal with Vodafone-type deals"},"content":{"rendered":"<p><a href=\"https:\/\/www.legalindia.in\/news\/pranab-defends-amending-it-act-to-deal-with-vodafone-type-deals\/finance-minister-pranab-mukherjee-5\" rel=\"attachment wp-att-18905\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" data-attachment-id=\"18905\" data-permalink=\"https:\/\/www.legalindia.com\/news\/pranab-defends-amending-it-act-to-deal-with-vodafone-type-deals\/finance-minister-pranab-mukherjee-5\" data-orig-file=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2012\/04\/Finance-minister-Pranab-Mukherjee.jpg?fit=251%2C201&amp;ssl=1\" data-orig-size=\"251,201\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"Finance minister Pranab Mukherjee\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2012\/04\/Finance-minister-Pranab-Mukherjee.jpg?fit=150%2C120&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2012\/04\/Finance-minister-Pranab-Mukherjee.jpg?fit=251%2C201&amp;ssl=1\" class=\"alignright size-full wp-image-18905\" src=\"https:\/\/i0.wp.com\/www.legalindia.in\/news\/wp-content\/uploads\/2012\/04\/Finance-minister-Pranab-Mukherjee.jpg?resize=251%2C201&#038;ssl=1\" alt=\"\" width=\"251\" height=\"201\" srcset=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2012\/04\/Finance-minister-Pranab-Mukherjee.jpg?w=251&amp;ssl=1 251w, https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2012\/04\/Finance-minister-Pranab-Mukherjee.jpg?resize=150%2C120&amp;ssl=1 150w\" sizes=\"auto, (max-width: 251px) 100vw, 251px\" \/><\/a>Finance minister Pranab Mukherjee on Saturday said there is &#8220;no other way&#8221; but to amend the Income Tax Act with retrospective effect to bring into the net Vodfone-type cross-border deals.<\/p>\n<p>&#8220;I am posing a very few straight questions to you. We shall have to decide whether you want India to be a no-tax country or India will be a country where there will be taxation,&#8221; Mukherjee said at an interactive session, organised by the Calcutta Chamber of Commerce.<\/p>\n<p>&#8220;Transactions of assets located in India, whether it should be taxed or not. If the answer is that has it has to be taxed, then whether it will have to be taxed in India or at the sources of the company concerned&#8230; there comes the question of how it will be protected by the Double Taxation Avoidance Agreement or Tax Exchanging Information Agreement. Except these, there is no other way,&#8221; he said.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Finance minister Pranab Mukherjee on Saturday said there is &#8220;no other way&#8221; but to amend the Income Tax Act with retrospective effect to bring into the net Vodfone-type cross-border deals. &#8220;I am posing a very few straight questions to you. We shall have to decide whether you want India to be a no-tax country or [&hellip;]<\/p>\n","protected":false},"author":21,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1954],"tags":[1985,2534,7578],"class_list":["post-18904","post","type-post","status-publish","format-standard","hentry","category-high-profile-cases","tag-finance-minister-pranab-mukherjee","tag-income-tax-act","tag-vodfone-type-cross-border-deals"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Pranab defends amending IT Act to deal with Vodafone-type deals - Legal News India - Supreme Court &amp; High Court Updates<\/title>\n<meta name=\"description\" content=\"Finance minister Pranab Mukherjee on Saturday said there is &quot;no other way&quot; but to amend the Income Tax Act with retrospective effect to bring into the net - Get the latest legal news from the Supreme Court, High Courts, and government. 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