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Tag: prospective or retrospective

Income Tax in MediaMedia

No retrospective change in I-T Bill, only simplification: Baijayant Panda

byAdmin27/07/202527/07/2025

The new Income-Tax Bill does not override the intent of the Income Tax Act, 1961, but simplifies its language and structure, says Lok Sabha Member Baijayant Panda, who chaired the 31-member select committee to review its draft. In an interview…

GST in Media

SC to hear pleas challenging retrospective tax on online gaming from May 5

byAdmin10/04/202510/04/2025

The Supreme Court on Tuesday said it will hear the pleas by online gaming companies challenging the 28 per cent Goods and Services Tax (GST) on all forms of online real-money gaming from May 5. 

Supreme Court Judgment on ‘Prospective or Retrospective’ implications of Changes/amendment in Law
GST Article

Supreme Court Judgment on ‘Prospective or Retrospective’ implications of Changes/amendment in Law

byAdmin18/04/202418/04/2024

In GST, in last 6 years , many amendments were made in law. Some amendments were made prospectively, whereas some were made retrospectively.

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