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.
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.
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.
Last Updated: Monday, January 14, 2013, 13:25
Giving a big relief to overseas investors, the government has postponed implementation of controversial GAAR provisions by two years to April 1, 2016.
Last Updated: Wednesday, December 12, 2012, 22:06
The Revenue Department has submitted amendments to GAAR, the controversial law against tax avoidance, to the Prime Minister's Office (PMO), Finance Minister P Chidambaram said Wednesday.
Last Updated: Friday, November 30, 2012, 22:25
The government is examining recommendations of the Shome committee which suggested postponement of GAAR by three years and non-application of tax laws with retrospective effect on indirect transfers of assets.
Last Updated: Sunday, November 18, 2012, 13:53
Amendments to GAAR, the controversial law against tax avoidance through foreign investments, have been finalised, Finance Minister P Chidambaram disclosed on Sunday.
Last Updated: Friday, November 16, 2012, 21:47
The Finance Ministry has firmed up its views on the GAAR and the draft has been sent to Prime Minister Manmohan Singh, an official said.
Last Updated: Monday, September 03, 2012, 21:15
The 50-share Nifty swung widely between a high of 5,295.80 and a low of 5,243.15 before settling at 5,253.75, a loss of 4.75 points, or 0.09 percent, over the last close.
Last Updated: Sunday, September 02, 2012, 14:46
Stock markets are likely to react positively Monday as an expert committee on General Anti Avoidance Rules (GAAR) has recommended postponement of the controversial tax provision by three years.
Last Updated: Saturday, September 01, 2012, 20:48
Industry and experts Saturday said the draft guidelines on General Anti-Avoidance Rules (GAAR) are encouraging and progressive.
Last Updated: Saturday, September 01, 2012, 18:58
The provisions of General Anti Tax Avoidance Rules (GAAR) should be 'intelligently' applied, said the Chairman of Expert committee, Parthasarathi Shome, after submitting the draft report to Finance Ministry.
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