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GAAR To Take Effect From April 1: CBDT
Addressing investors' concerns ahead of GAAR implementation from April 1, the tax department said it will not interplay with their right to choose a method of transaction and won't apply if routing of funds through a jurisdiction is "based on non-tax ...
What is GAAR?
GAAR stands for general-anti-avoidance rules, which was proposed by the then Union Finance Minister Pranab Mukherjee during the Union Budget 2012-13. Countries impose taxes on various types with the objective of raising revenue for Government spending. Taxpayers may be expected ...
What Is Gaar General Anti Avoidance Rule
GAAR deferred to April 2016: Chidambaram
Finance minister P Chidambaram on Monday said that the General Anti Avoidance Rules, more popularly known as GAAR has been deferred to April 2016. GAAR, is a tax provision that enables tax foreign investments. Chidambaram said that the government ...
Gaar Deferred April 2016 Chidambaram
Shome Committee recommends delaying GAAR by 3 years
In what maybe a major relief to foreign investors, the expert committee on General Anti Avoidance Rules (GAAR) has recommended postponement of the controversial GAAR provisions by three years and abolition of capital gains tax on transfer of securities. In ...
PM constitutes expert committee to look into GAAR
The Prime Minister, Dr Manmohan Singh, on Monday constituted an expert committee under the Chairmanship of Dr. Partho Shome to engage in a widespread consultation process and finalise the General Anti Avoidance Rules (GAAR) Guidelines. The retrospective amendment in the ...
Pm Constitutes Expert Committee Look Into Gaar
GAAR exuberance may die down, as PMO says it's just a draft
The over exuberance over draft norms on GAAR (General Anti Avoidance Rules) released late Thursday may die down with the Prime Minister's Office clarifying that these are just draft and would need to be finalised after feedback from stakeholders. "The ...
Gaar Exuberance May Die Down As Pmo Says Its Draft
P Notes exempted from GAAR provisions
In a major relief to foreign institutional investors investing in Indian equities through P Notes, the income-tax department has spared these notes from the GAAR provisions. The draft rules that have been put up for discussion say the investors of ...
P Notes Exempted From Gaar Provisions
FIIs net sell in equities despite GAAR delay
Foreign Institutional Investors (FIIs) do not seem convinced of the changes and delay in implementation of the General Anti Avoidance Rules (GAAR) and continued to be net sellers in equities. FIIs net sold equities worth Rs 592 crores on Tuesday, a ...
Markets rally as GAAR provides perfect fuel
Indices staged a dramatic rally today, following the postponement of GAAR by a year and clarification on some of its provisions by Finance Minister, Pranab Mukherjee in parliament today. The Sensex, which was down more than 300 points in mid noon ...
Markets Rally Gaar Provides Perfect Fuel
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