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Govt may defer GAAR by a year to improve business sentiment

Last Updated: Sunday, June 22, 2014, 12:31

The government earlier proposed imposing the GAAR from April 1, 2016, for those claiming tax benefit of over Rs 3 crore.

ICC seeks lowering corporate tax to 25%

Last Updated: Saturday, June 14, 2014, 15:08

Corporate tax rate in India must be brought down to the global average of 25 per cent to regain the growth momentum, Indian Chamber of Commerce said in its pre-budget suggestions.

Singapore replaces Mauritius as top source of FDI in India

Last Updated: Sunday, May 25, 2014, 11:46

The Double Taxation Avoidance Agreement (DTAA) with Singapore incorporates Limit-of-Benefit clause which has provided comfort to foreign investors based there.

FDI from Mauritius to India dips 50% in Apr-Feb period

Last Updated: Sunday, May 11, 2014, 13:33

India had received USD 8.97 billion during April-February 2012-13.

GAAR to come into effect from April 1, 2016

Last Updated: Thursday, September 26, 2013, 21:06

The controversial GAAR provision, which seeks to check tax avoidance by investors routing their funds through tax havens, will come into effect from April 1, 2016, a government notification said.

Interpretation of tax laws in India 'main problem': Kapadia

Last Updated: Thursday, May 16, 2013, 16:19

Kapadia also said that there should be clear distinction between rules and standards when it comes to tax matters.

Singapore investors concerned about GAAR uncertainty

Last Updated: Saturday, March 09, 2013, 14:31

Investors in Singapore are concerned over the pending implementation of India's General Anti-Avoidance Rule (GAAR) and its impact on investments there, according to legal and tax executives.

Modified GAAR provision to be implemented from April 2016

Last Updated: Thursday, February 28, 2013, 18:06

A number of representations were received against GAAR provisions introduced in the last Budget. Following which the government had set up an expert committee under Parathasarthi Shome to give recommendations on the anti-avoidance tax proposals.

Recommendations on retro-tax laws under examination: Govt

Last Updated: Friday, February 22, 2013, 16:30

The government on Friday said it is examining recommendations of the Parthasarathi Shome panel on controversial retrospective tax laws introduced in the last Budget.

Govt's reforms push will help return to high growth: RBI

Last Updated: Tuesday, January 29, 2013, 12:09

Supporting the government's recent reform push, Reserve Bank on Tuesday said measures like opening up the FDI in some sectors and moves towards fuel price deregulation should put the economy back on the high growth trajectory and spur investment inflows.

Ghost of GAAR buried: Chidambaram

Last Updated: Tuesday, January 22, 2013, 17:17

Chidambaram was also hopeful that fiscal deficit will be contained within the targeted 5.3 percent of the GDP this fiscal and trimmed to 4.8 percent in the next.

Shome panel favours deferment of GAAR implementation by 3 yrs

Last Updated: Monday, January 14, 2013, 20:43

The implementation of General Anti-Avoidance Rules (GAAR) should be deferred by three years to April 2017, the Parthasarathi Shome Committee has suggested in its final report on the controversial tax proposal.