There is confusion over how tax authorities will determine "commercial substance" to consider FII eligibility for claiming treaty benefit.

If the goal of attracting FDI is paramount, why not simply exempt all FDI from the rigours of taxation, regardless of the country it comes ...

GAAR rules seek to deny tax benefit to any arrangement that is entered into with the sole objective of avoiding taxes.

This year we have not seen a lot of Asia portfolio managers putting in a lot of money into India: Gautam Chhaocharia, UBS

The govt should put off implementation of GAAR until 2015 as these have created a bad perception about Indian tax laws among global investo...