https://www.taxtmi.com/article/detailed?id=7799 Amendments to tax law should operate prospectively as per the stated effective date in legislative proposals; retrospective effect must be expressly provided and, as a matter of policy, should be avoided or limited so as not to create taxpayer uncertainty, unequal application, administrative difficulty, or modest fiscal gains that undermine governmental credibility. Clear administrative guidance is recommended to prevent tax authorities from treating prospective or explanatory amendments as retrospective and from pursuing unnecessary litigation. en-us Sat, 30 Dec 2017 20:08:12 +0530 Sat, 30 Dec 2017 20:08:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7799 Amendments to tax law should operate prospectively as per the stated effective date in legislative proposals; retrospective effect must be expressly provided and, as a matter of policy, should be avoided or limited so as not to create taxpayer uncertainty, unequal application, administrative difficulty, or modest fiscal gains that undermine governmental credibility. Clear administrative guidance is recommended to prevent tax authorities from treating prospective or explanatory amendments as retrospective and from pursuing unnecessary litigation. Articles Income Tax Sat, 30 Dec 2017 20:08:12 +0530 https://www.taxtmi.com/article/detailed?id=7799