Government to seek parliament nod to change tax rules after resolving Vodafone dispute: FM

Finance minister P Chidambaram on Monday said amendment to the retrospective tax rules would be sought from Parliament only after the Vodafone tax dispute is resolved. According to the rules set last year, the government can make retrospective tax claims on long-concluded corporate deals. 

"We have looked at the Shome Committee recommendations . Whatever decision is taken on the basis of the recommendations, we have to go back to Parliament. We have decided that the appropriate time to go to Parliament is after we have been able to resolve the Vodafone case," Chidambaram said. (Times of India)