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Money laundering to become difficult in next 1-2 years: Finance Minister

Money laundering to become difficult in next 1-2 years: Finance Minister

 Tax evasion and money laundering is set to become a hard nut to crack in the next 1-2 years, as India has joined real-time global automatic exchange of information system, that has become functional now.

India needs to apply GAAR provisions intelligently: Shome

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.

PM panel on GAAR has begun consultation process: Shome

Prime Minister-appointed panel on GAAR has begun consultations with the stakeholders to fine tune and bring greater clarity in the draft norms, the chairman of the committee Parthasarathi Shome said Thursday.