SC determines provisions of Bill consistent with ConstitutionSays can be passed with simple majority in HouseBill seeks to impose 25% one-off retrospective tax on persons/companies with taxable income over Rs. 2 b for 2020/2021Bill to be amended during debate to exclude 13 provident and pensions funds including EPF, ETF from tax11 petitions filed challenging Bill in SCBy Chandani Kirinde The Supreme Court has determined that the Surcharge Tax Bill which seeks to impose a retrospective one-time 25% surcharge tax on persons and companies with a taxable income over Rs. 2 billion for the year 2020…