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GAAR PANEL
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 with a glare: When tax planning starts looking a little too cleverIndia's tax authorities are increasingly using General Anti-Avoidance Rules, or GAAR. Recent rulings show GAAR targeting corporate restruct...
- GAAR probe begins on companies suspected of tax avoidanceThe company has now approached the high court for state of Telangana at Hyderabad challenging the applicability of the section for some tra...
- Postponing GAAR implementation is a sensible moveHowever, the tax department now has adequate time to frame rules, train officers properly and institute tax rates and rules that encourage ...
- India Inc will accommodate itself to new tax regime post 2016: Dinesh Kanabar, KPMG'It should give a comfort to the tax payers that whenever a transaction is looked at, it is looked at from a business perspective, not just...
- Shome committee recommendations on GAAR being examined: Govt"The recommendations of the Committee are under examination by the Govt," Minister of State for Finance told.
- CBDT disagrees with Shome panel, wants GAAR from next fiscalCBDT is believed to have favoured implementation of the anti-tax avoidance rules GAAR from the next financial year.
- CBDT opposes Shome Committee proposal to defer GAAR by 3 yearsThe country’s apex tax body, the Central Board Of Direct Taxes (CBDT), has opposed Shome Panel’s proposal to defer the implementation of th...
- GAAR panel likely to submit final report tomorrowThe Parthasarathi Shome panel, looking into the taxation issues relating to GAAR (General Anti-Avoidance Rules), is likely to submit its fi...
- Industry, experts say draft GAAR guidelines encouragingIndustry and experts today said the draft guidelines on General Anti-Avoidance Rules (GAAR) are encouraging and progressive.
- Parthasarathy Shome panel's recommendations on GAAR make sense, on the wholeThe Shome panel's recommendation to postpone GAAR to 2016-17, rather than make them kick in next year, would create space for holistic refo...
- Delay GAAR by 3 years, retain Mauritius benefits, recommends Shome panelThe panel also advised against retrospective implementation of the controversial anti-tax avoidance rules, sources said.
- GAAR panel to submit draft recommendations by August 31Introduction of GAAR had triggered strong opposition by foreign investors following which its implementation was postponed till April next ...
- International business council says GAAR proposals too vagueA group of leading US-based MNCs have expressed their concern over the draft GAAR proposals saying that the proposed regulations are "too v...
- Will expand consultation process, says GAAR panel chief Parthasarathi ShomeChief of Prime Minister appointed panel on GAAR Parthasarathi Shome today said ambit of consultations on the anti-tax evasion measures will...
- New GAAR panel a continuation of discussions: Pranab MukherjeePranab Mukherjee, who proposed GAAR as Finance Minister in March, today said he had deferred its implementation for further discussions.
- Industry wants changes in GAAR guidelines, govt panel to meet againIndustry has asked the government to further modify the guidelines for the proposed General Anti-Avoidance Rules or GAAR.
- Government to have independent member on GAAR panelTo ensure objectivity and transparency, the government will have an independent member on the approving panel for the general anti-avoidanc...
- GAAR: Major concerns addressed, says Finance Secretary RS GujralAssuring global investors, finance secretary RS Gujral said it will not be asy for assessing tax officers to invoke the tax avoidance law.
- Small firms, individuals may be exempted from GAARSmall firms and individuals may be exempt from GAAR to ensure only corporate structures of significant size come under the new regime's amb...
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