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...
Concerns arise as taxman invokes GAAR to question domestic dealsTransactions that have attracted GAAR often include merging a loss-making company with a profitable group entity, thereby enabling the latt...
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.
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...
- ET in the Classroom: GAAR Simplified
ET explains the crucial elements of the law relating to anti-tax avoidance measures.
2013 projetcs new highs for markets as GAAR gets deferred to 2016The GAAR rules, when they come into force, will not apply to foreign institutional investors who do not take any benefit under a tax pact.
GAAR: European Union wants member states to adopt common general anti-avoidance rulesGAAR rules seek to deny tax benefit to any arrangement that is entered into with the sole objective of avoiding taxes.
- 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...
Assocham wants GAAR deffered by another 5 yearsThe chorus is growing within the India Inc seeking further deferrment of the controversial General Anti Avoidance Rules.
GAAR timing not right, defer it till 2018: CIIThe current guidelines are subjective and prone to misuse, and the timing is not right for such a regime, the apex business chamber said.
ET in classroom: Will the draft guidelines on GAAR allay investor fears?Experts felt that the rules gave powers to tax officers to question any domestic transactions that involved tax saving.
After Vodafone, GAAR; PM takes charge of finance ministryManmohan Singh has asked for a fresh appraisal of the General Anti-Avoidance Rules, the controversial measure that became highlight of Pran...
- 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.
- 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...
- GAAR: Major concerns addressed, says Finance Secretary RS Gujral
Assuring global investors, finance secretary RS Gujral said it will not be asy for assessing tax officers to invoke the tax avoidance law.
- GAAR tax provisions signal maturity of jurisdiction: Dinesh Kanabar, KPMG
In an interview with ET Now, Dinesh Kanabar, KPMG speaks about the interpreatation of GAAR notifications which haven't yet been issued. Exc...
- GAAR: No blanket application on P-Notes, say Finance Ministry Sources
Government will not target the so-called participatory notes in a blanket manner under its newly proposed rules targeting tax avoidance.