[aaykarbhavan] I-T Act to be amended once Vodafone tax dispute resolved: FM

NEW DELHI: Finance Minister P Chidambaram today said the government will amend the Income Tax Act once the over Rs 11,200 tax dispute with Vodafone is resolved.

The Minister said, however, that such an amendment was unlikely in the ongoing Budget Session.

"An amendment to the I-T act is necessary. The question is when do you move the amendment?

"My proposal is lets find a possible solution to the Vodafone dispute and then go to Parliament with the amendment saying this is the possible solution that we have been able to arrive at tentatively. Please amend the Act so that we can implement it," he told reporters here.

 

Regards

Prarthana Jalan

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