Income tax dept opposes benefits to Jane Street SingaporeIndia's tax office has challenged treaty benefits claimed by Jane Street's Singapore arm, suspecting ₹8000 crore in escaped income. The dep...
GAAR shadow over payments abroad worries India IncIndia Inc seeks clarity on General Anti-Avoidance Rules (GAAR) for payments to foreign entities after a Supreme Court ruling. The govt offe...
India grandfathered gains from investments made before April 2017Investors holding assets acquired before April 1, 2017, have received a significant reprieve. The Central Board of Direct Taxes has clarifi...
Government amends income tax rules to end uncertainty over GAARThese general anti-avoidance rules, popularly called GAAR, seek to deny tax benefit to any arrangement entered only for the purpose of avoi...
PHD Chamber asks Government to delay implementation of GAAR by 1 yearAs per the existing proposal, investments made after March 2013 will be covered under GAAR with effect from assessment year 2016-17.
There is good reason to defer GAAR implementation by a few years: Pranav Sayta, EY"The reason why I feel GAAR ought to have been deferred is we need detailed guidelines with very clear guidance to tax payers."
Government notifies implementation of GAAR from April 2016India has said all investments made by foreign investors prior to August 2010 will not attract the controversial tax rules, the General Ant...
- GAAR tax laws deferred to April 1, 2016: Finance minister P Chidambaram
GAAR, which was proposed in 2012-13 budget for preventing tax evasion, evoked sharp reactions from foreign and domestic investors.
- Parthasarathy Shome panel's recommendations on GAAR make sense, on the whole
The Shome panel's recommendation to postpone GAAR to 2016-17, rather than make them kick in next year, would create space for holistic refo...
- Prime Minister Manmohan Singh expands terms of reference of GAAR panel
Manmohan Singh expanded the terms of reference of the GAAR committee by referring the issues relating to taxation of FIIs and portfolio inv...
GAAR: Guard against arbitrary action by taxmen, run its invocation past a juryGaar guidelines must ensure that such discretion is not used in an arbitrary manner. An independent jury should vet proposal to invoke Gaar...
- Industry wants changes in GAAR guidelines, govt panel to meet again
Industry has asked the government to further modify the guidelines for the proposed General Anti-Avoidance Rules or GAAR.
Unfolding of GAAR guidelines - end of uncertainty?It is clarified that the provisions of GAAR will apply to the income accruing or arising to the taxpayers on or after 1 April 2013 and not ...
- GAAR won't be invoked for P-notes
The I-T department put out the detailed guidelines on GAAR, stating that rules will apply only to income earned after April 1, 2013.
- GAAR: Finance Ministry issues draft guidelines, proposes monetary threshold
Although the draft did not specify the monetary limit, it said that those deals which are over a prescribed limit should be covered by GAAR...
FM, here's the way out of the tax mess: Scrap GAARFinance ministry may be reluctant to admit it, but there was an error of judgment in rushing headlong into GAAR.
- Ficci hopes government will relook into provisions of GAAR
India Inc expressed hope that the government would "relook" into the provisions of the General Anti-Avoidance Rules (GAAR).