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GAAR PROVISIONS
Foreign funds headed to GIFT City ask for GAAR exemptionThe government has announced several tax sops to lure offshore funds to shift their bases from locations such as Singapore and Mauritius to...
How far is GAAR? It’s for FPIs to pick between treaty benefits & tax scrutinyThe I-T rules provide that GAAR provisions shall not be applicable to any FPI in case it chooses not to avail tax-treaty benefits, among ot...
Budget 2017 will not postpone GAARGAAR will also override the provisions of tax treaties entered into by India with other countries. In fact, the recently signed protocol wi...
Foreign investors feel tremors of GAARWhat has surprised these investors and their legal advisors is the aggressive stance of the IT department even though the General Anti-Avoi...
GAAR not to apply on income from investments before April 1The industry has been demanding that the tax department come out with specific guidance note on when this provision will get triggered.
GAAR to override bilateral tax treaty provisions: Revenue Secretary Hasmukh Adhia"GAAR being anti-abuse provision can prevail over treaty if it is proved that it is an abuse of treaty," Adhia said.
Government may defer GAAR by a year to improve business sentimentGovt likely to defer implementation of controversial GAAR provisions by one more year to April 2017 & exempt transactions made up to March ...
- ET in the Classroom: GAAR Simplified
ET explains the crucial elements of the law relating to anti-tax avoidance measures.
- 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.
- India needs to apply GAAR provisions intelligently: Parthasarathi Shome
The provisions of GAAR should be 'intelligently' applied, said the Chairman of Expert committee, Parthasarathi Shome.
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: 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...
- Government to have independent member on GAAR panel
To ensure objectivity and transparency, the government will have an independent member on the approving panel for the general anti-avoidanc...
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).
Companies seek clarity on GAAR provisions for local dealsThe General Anti-Avoidance Rules give powers to the income-tax officials to deny tax benefit to a deal if they feel the purpose is primaril...
- GAAR: Looking at General Anti Avoidance Rule
The onus of proof continues to be on the taxpayer and the orders of the Commissioner invoking the GAAR provisions continue to be subject to...