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SHOME COMMITTEE REPORT
Tax authorities miffed at Shome Panel's reportsThe tax authorities are likely to oppose most of the conclusions of two panels, both headed by tax expert Parthasarathi Shome.
GAAR: Parthasarathi Shome committee’s report cardThe Parthasarathi Shome committee submitted its much awaited report on 'Retrospective amendments relating to indirect transfers' on Tuesday.
- Don't use anti-tax avoidance measures to raise revenue: Parthasarathi Shome
Anti-tax avoidance measures like GAAR should be used sparingly and not to raise revenue for the government, said Parthasarathi Shome.
Karmik justice for Vodafone? Government might roll back retrospective amendment on indirect transfersHowever, retrospective application of tax laws should never be used to expand the tax base as is the case in respect of taxation ofindirect...
Final view on retro tax amendments by November 15: Finance MinistryThe government is likely to take a final view by November 15 on the Shome panel report, which had favoured prospective application of tax l...
Government to address retrospective amendment to Income Tax issue before BudgetGovernment today said that it will not wait for the Budget, which is due in February, to address the issues concerning retrospective amendm...
Shome panel's suggestions pave way for settlement in Vodafone tax issueThe Shome panel has suggested interest and penalty should be waived in all cases where tax is collected, citing the amendment of the IT Act.
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...
- 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.
Final GAAR report by end of the month: Parthasarathi Shome panelThe Shome panel, which is looking into the taxation issues relating to Gaar (general anti-avoidance rules), is likely to submit its final r...
- Vodafone decision will be taken by IT dept post GAAR report: P Chidambaram
Finance Minister P Chidambaram today said the Income Tax Department will take a decision on the Vodafone taxation issue after the Shome Com...
No rash action in Vodafone case: P ChidambaramFinance Minister P Chidambaram today said there will be no "rash" action in Vodafone tax case and the matter will be decided after consider...
- Delay GAAR by 3 years, retain Mauritius benefits, recommends Shome panel
The 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 ...
GST rollout unlikely before 2014: Parthasarathi ShomeShome, one of the architects of the proposed goods and service tax, does not expect the govt to implement GST before 2014.
- PM panel on GAAR has begun consultation process: Parthasarathi Shome
Prime Minister-appointed panel on GAAR has begun consultations with the stakeholders to fine tune and bring greater clarity in the draft no...
- Revealed: the future of income-tax
Abolition of sops on small savings can be a nightmare for the middle class and is bad for the economy also.