Q.3 The government is amending the Income Tax Act to do away with retrospective taxation. Examine the advantages of this decision. (10 Marks)

Mentor’s comment- https://www.livemint.com/opinion/online-views/a-pragmatic-laying-to-rest-of-the-retro-tax-ghost-11628235698775.html In the intro, mention the changes made in 2012 that introduced the provision of retrospective taxation in … Continue reading Q.3 The government is amending the Income Tax Act to do away with retrospective taxation. Examine the advantages of this decision. (10 Marks)