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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.

India seeks automatic info-sharing to deal with tax avoidance

Last Updated: Friday, February 21, 2014, 20:36

India on Friday called for automatic exchange of key financial information and greater cooperation among G20 nations to deal with cases of tax avoidance.

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.

G-8 summit to discuss tax avoidance by companies

Last Updated: Saturday, June 15, 2013, 12:15

A summit meeting of G-8 countries in Northern Ireland next week would discuss the issue of "tax avoidance" by companies in this increasingly globalised economy, a White House official has said.

G7 agrees to target tax avoidance

Last Updated: Saturday, May 11, 2013, 21:43

Speaking after a two-day meeting at Aylesbury in Buckinghamshire, south-east England, UK chancellor George Osborne said it was "incredibly important" that firms and individuals paid the tax they owed.

Google boss defends firms tax avoidance policies in UK

Last Updated: Tuesday, April 23, 2013, 11:49

Google's chairman, Eric Schmidt, has defended his firm’s tax avoidance policies in the UK, saying that the Internet search giant ‘fully complies with the law’.

Nearly 29,000 tax defaulters owe Rs 3,770 cr to govt

Last Updated: Monday, October 08, 2012, 22:00

Tax defaults by nearly 29,000 taxpayers aggregate to Rs 3,770 crore, according to a tax department's analysis of e-returns filed in 2012-13.

Final guidelines on GAAR by month end: Chidambaram

Last Updated: Monday, October 01, 2012, 15:39

The ministry, Chidambaram said, would first finalise its report on GAAR and then consider if there was a necessity to amend the Income Tax Act.

Tax evasion hits infrastructure development: Court

Last Updated: Friday, August 10, 2012, 16:40

A Delhi court has upheld a two-year jail term given to a tax evader, saying tax avoidance reduced funds needed for the country's infrastructure development.

New GAAR panel a continuation of discussions: Pranab

Last Updated: Saturday, July 14, 2012, 22:15

The new four-member panel is to prepare a roadmap on GAAR by September 30.

PM sets up committee to finalise GAAR roadmap by Sept 30

Last Updated: Friday, July 13, 2012, 15:17

The expert panel will be headed by Parthasarathi Shome and other members in the team include N Rangachary, Ajay Shah and Sunil Gupta.

GAAR panel for modification of norms, reduction of examples

Last Updated: Monday, July 09, 2012, 15:19

The next meeting of the GAAR panel, which comprises officials of the Finance Ministry and representatives of FIIs and other stakeholders, will be held on August 12 and 13.