https://www.taxtmi.com/article/detailed?id=1656 Budget 2012 inserts explanations deeming property to include rights in or in relation to Indian companies, expands transfer to capture indirect or out of India arrangements, and treats offshore shares as situated in India if their value substantially derives from Indian assets, with those clarifications framed as having always applied from the 1960s; the author criticises such retrospective measures as undermining legal certainty, creating taxpayer inequality, and harming investment confidence. en-us Mon, 19 Mar 2012 13:15:58 +0530 Mon, 19 Mar 2012 13:15:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1656 Budget 2012 inserts explanations deeming property to include rights in or in relation to Indian companies, expands transfer to capture indirect or out of India arrangements, and treats offshore shares as situated in India if their value substantially derives from Indian assets, with those clarifications framed as having always applied from the 1960s; the author criticises such retrospective measures as undermining legal certainty, creating taxpayer inequality, and harming investment confidence. Articles Income Tax Mon, 19 Mar 2012 13:15:58 +0530 https://www.taxtmi.com/article/detailed?id=1656