Finance Minister Pranab Mukherjee on May 02 stated that the administration may elucidate its stand on Vodafone tax debate in Parliament at the time of conversation on Finance Bill, 2012.
"I cannot respond to any speculative questions. Parliament is in session. If anything is to be clarified, I will (do it) only at Parliament at the time of Finance Bill," he told media people.
Pranab Mukherjee was answering questions on whether the administration would waive fine on Vodafone that may have to pay tax after Parliament sanctions alterations to Income-tax, 1961, with retrospective effect.
Parliament is planned to take up the Finance Bill that consists of tax offer by the coming week.
The Bill was introduced by Mr. Mukherjee in Parliament on March 16.
On the General Anti-Avoidance Regulations, proposed in financial plan, Mr. Mukherjee stated that he would react on the matter in Parliament.
Vodafone Group chief executive officer Vittorio Colao had called on finmin Pranab Mukherjee on May 01 to talk about matters relating to the country's verdict to alter the Income Tax Act with retrospective effect and its potential impact on the Rs 11,000 crore tax demand.
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