GAAR not to apply on income from investments before April 1

GAAR not to apply on income from investments before April 1

To clear the air on retrospective applicability of the stringent anti-avoidance GAAR rule, the I-T department has said the same will not apply to income from transfer of investments before April 1, 2017.

Mauritius treaty amendment: Status quo on P-Notes taxation

India's revised tax treaty inked with Mauritius will have no bearing on investments via Participatory Notes and the existing dispensation will continue to apply on them, government said Wednesday.


GAAR to override bilateral tax treaty provisions: Revenue Secy

GAAR to override bilateral tax treaty provisions: Revenue Secy

A day after the revision of bilateral tax treaty with Mauritius, Finance Ministry on Wednesday said GAAR provisions, which are to take effect from April next year, will override the DTAA provisions in case they are abused.


Positive and Negative affect of GAAR

Positive and Negative affect of GAAR

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PoEM postponed for convenience of accounting: Adhia

PoEM postponed for convenience of accounting: Adhia

The rules for determining place of effective management of a company have been deferred till April 2017 so as to give corporates sufficient time to prepare accounts according to their place of residency under the new norms, Finance Ministry said today.

GAAR: CBDT says no unfettered powers given to tax officers

CBDT has said the taxman has not been given any "unfettered" power and adequate safeguards have been deployed for regulating the provisions aimed to check tax evasion from overseas locations.

Mauritius regains top slot as source of FDI in India

Mauritius accounted for about 29 per cent of the country's total FDI inflows last fiscal. In 2013-14, Singapore had replaced Mauritius as the top source of FDI into India.

Foreign fund inflows cross Rs 83,000 cr this year

Analysts expect the inflows to accelerate further in view of clearance of reform bills for insurance, coal and mining, as also on assurances on controversial issues like General Anti Avoidance Rules (GAAR).

Black money holders will be dealt with strongly; economy to grow at 8%: FM Jaitley

In an exclusive interview with Zee Business Editor Amish Devgan, Finance Minister Arun Jaitley speaks candidly about GST, company regulations, black money and land bill.

Foreign fund inflows cross Rs 81,000 cr mark in 2015

With overseas investors pumping in over Rs 2,000 crore in the Indian capital markets so far this month, total foreign fund inflows have crossed the Rs 81,000 crore mark since the beginning of the year.

'India can attract significant FDI if it sorts out tax issues'

Japanese investors remain "very positive" on India, saying there is a big opportunity for placing "significant" FDI if the country can sort out some of its tax issues, a top official of Japan's financial services major Nomura has said.

Mauritius promises India full-cooperation on tax treaty issues

Mauritius has promised full cooperation with India to address outstanding issues relating to their bilateral tax treaty, days after Prime Minister Narendra Modi's visit to the island nation.

FPI inflow hits $12 billion

Overseas investors have poured in USD 2.5 billion into the Indian capital markets so far this month, taking the total inflow to around USD 12 billion since the beginning of the year.

Shome welcomes deferment of GAAR in Budget

Parthasarathi Shome, the Chairman of Tax Administration Reforms Commission, constituted by the Finance Ministry, Monday hailed the decision to defer General Anti-Avoidance Rules (GAAR) as announced in the Budget.

Budget 2015: GAAR deferred for 2 years

The Finance Minister Arun Jaitley presenting the Budget in Lok Sabha today proposed to defer the applicability of the General Anti Avoidance Rule (GAAR) by two years.

GAAR deferred by 2 yrs; FM says can't create panic in market

To soothe investors' nerves, Finance Minister Arun Jaitley Saturday deferred the controversial General Anti-Avoidance Act (GAAR) by two years, saying its immediate applicability can create 'panic' in markets.

No amnesty for tax evaders; govt vows re-look at GAAR

The government Wednesday ruled out any tax amnesty scheme to unearth black money saying it goes against honest taxpayers even as it sought to send out a positive signal to investors by promising a re-look at the controversial GAAR shortly.

Govt to take final view on GAAR shortly: Jaitley

Government will shortly take a call on the controversial tax proposal, General Anti-Avoidance Agreement, which was deferred till April 2015 by the UPA regime, Finance Ministry Arun Jaitley on Friday said.

India's Finance Bill passed by Lok Sabha

The bill was passed after Finance Minister Arun Jaitley gave his reply to the debate on the budget.

India preparing to take final decision on controversial GAAR tax rules: FM

Jaitley did not give a timeline for the decision or more details.