Former finance minister P Chidambaram today suggested a settlement with Vodafone is needed before any changes can be made to the retrospective law.
Former finance minister P Chidambaram today suggested a settlement with Vodafone is needed before any changes can be made to the retrospective law.
He added there was no option to do that currently since there was a date for setting up the arbitrator. He believes they will have to wait for the finance bill now for any resolution in the matter.
The former finance minister said that the demand of capital gains on Vodafone were not unjustified.
He added that it was universally recognised that the transaction between the buyer and seller attracted capital gains.
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