SJM, BJP leader in war of words over retrospective taxation bill | India News

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NEW DELHI: RSS affiliate national co-organizer Swadeshi Jagaran Manch (SJM) Ashwini Mahajan and BJP leader Vijay Chauthaiwale had heated discussions on Friday over the government’s bill to withdraw retroactive taxation after the the first made strong remarks against the legislation. “So are you demanding a total ban on FDI? “Asked Chauthaiwale in response to Mahajan’s tweet, stating:” It is true that under pressure from international arbitration the government had no other option, but the title should be Thieves’ Rescue – Thousands of rupee crores lost to the government and the public. A good example of the drawbacks of foreign investment.
Mahajan hit back again through another tweet, asking, “Sir ji, read the tweet. Is it a crime to talk about the pros and cons of a policy? To this, BJP foreign chief Chauthaiwale again replied: “Anything that is not criminal may not be in the broader national interest, a point that you fail to recognize repeatedly. ”
In an attempt to withdraw all claims for retrospective taxation on companies such as Cairn Energy and Vodafone, the government on Thursday introduced a bill to the Lok Sabha.
The government also said it would refund any money that had been previously collected in order to apply these levies.
“The Tax Laws (Amendment) Bill 2021” was introduced by Finance Minister Nirmala Sitharaman to the Lok Sabha to request the withdrawal of tax demands made using retrospective 2012 legislation to tax the indirect transfer of Indian assets.

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