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'Retrospective' amendment to I-T act 'shocking': Rahul Bhasin

PUBLISHED ON: March 19, 2012 | Duration: 15 min, 36 sec

  
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Rahul Bhasin, Managing Partner - India, Baring Private Equity Partners spoke about the amendment to Income Tax Act that now calls for taxation on Vodafone-like deals. He says that while, there should be taxation on transaction, it is 'shocking' to do so 'retrospectively' and 'surreptitiously'.
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