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

Last Updated: Wednesday, July 30, 2014, 21:40

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

Last Updated: Friday, July 25, 2014, 18:55

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

Last Updated: Friday, July 25, 2014, 13:48

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

Last Updated: Friday, July 25, 2014, 13:44

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

Country won't have to wait for long to bring back black money: Arun Jaitley

Last Updated: Friday, July 25, 2014, 12:45

Jaitley said that all information received from abroad on black money will be given to Supreme Court.

Govt has time to review GAAR implementation: Revenue Secretary

Last Updated: Monday, July 14, 2014, 15:51

The government had earlier proposed imposing the General Anti-Avoidance Rules (GAAR) from April 1, 2015.

Govt yet to decide on tougher tax avoidance rules

Last Updated: Monday, July 14, 2014, 15:08

The general anti-avoidance rules announced by the previous government had sparked alarm among foreign investors.

Spotlight on GAAR, Q1 earnings in stock markets this week

Last Updated: Sunday, July 13, 2014, 20:32

With the Union Budget out of the way, Indian stock markets would shift focus to the ongoing quarterly earnings, development on the GAAR front and progress of Monsoon for further cues, say experts.

'Govt to take call on GAAR implementation soon'

Last Updated: Saturday, July 12, 2014, 15:33

As per the existing proposal, investments made after March 2013 will be covered under GAAR with effect from assessment year 2016-17.

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.