Results 1 - 15 of about 61 sawaal for "gaar"
Hi Trishna,The Prime Minister, Dr. Manmohan Singh, has approved the constitution of an expert committee on General Anti-Avoidance Rules GAAR to undertake stakeholder consultations and finalise the guidelines.This expert committee would manage the consultation process and finalise the draft GAAR guidelines.While postponing GAAR by one year to 2013 was a very welcome move, a widespread consultative
Posted in
Politics by Trishna Sriv at 4:12 PM on July 14, 2012
Hi Harshit,Prime Minister Manmohan Singh today expanded the terms of reference of the GAAR committee by referring the issues relating to taxation of FIIs and portfolio investors to it with a view to provide greater clarity to them."It is necessary to have clarity on the tax liability of portfolio investors and Foreign Institutional Investors FIIs as a result of this amendment relating to GAAR
Posted in
Politics by Harshit Gaur at 7:00 PM on July 31, 2012
Hi Prachi,The Prime Ministers Office on Friday clarified that the new monetary limits proposed on the controversial General Anti-Tax Avoidance Rules GAAR has not been finalised yet.It also said that the draft guidelines on GAAR have not been seen by the Prime Minister and that the final GAAR guidelines will be put into place after feedback on draft is shared. For more details, please refer to the link
Posted in
Policies by Prachi Mishr at 6:07 PM on June 29, 2012
Hi Atul,India will publish on Thursday clarifications on a set of rules targeting tax evasion that sparked an outcry among foreign investors at a time that the country needs capital inflows, a government official said.Finance Secretary RS Gujral told reporters the draft rules to be posted on Thursda
Posted in
Policies by Atul Agnihot at 6:04 PM on June 29, 2012
Hi Prachi,Yes, it is true that Govt published draft rules on GAAR.The government on Thursday published draft rules of the controversial general anti-avoidance rule GAAR that seeks to empower taxmen
Posted in
Policies by Prachi Mishr at 5:55 PM on June 29, 2012
Hi Atul,Prime Minister Manmohan Singh has distanced himself from the draft guidelines on the General Anti Avoidance Rules GAAR released by the revenue department late Thursday evening, saying
Posted in
Policies by Atul Agnihot at 5:53 PM on June 29, 2012
Hi Prachi,Yes, it is true that Nifty crossed 5200 on GAAR clarity.Indian markets surge in opening trade as the UPA government is all set to resolve outstanding tax issues in the next couple of weeks
Posted in
Policies by Prachi Mishr at 5:52 PM on June 29, 2012
Hi Atul,The Central Board of Direct Taxes today issued draft guidelines for the implementation of the General Anti-Avoidance Rules, or GAAR.The CBDT has said that a monetary threshold is a must for invoking GAAR provisions, and that the tax rules will apply to income accruing only on or after April 1, 2013.For more details, please refer to the link:http://goo.gl/JmghD
Posted in
Policies by Atul Agnihot at 5:51 PM on June 29, 2012
Hi Prachi,Prime Minister Manmohan Singh will seek within the next two to three weeks to clear up confusion over tax policy that has rattled investor confidence in India, a government official said on Thursday.Singh plans to issue an explanatory note on portfolio investments, an official in his offic
Posted in
Policies by Prachi Mishr at 5:50 PM on June 29, 2012
Hi Atul,A clarification circular on the retrospective amendment of section 9 is soon expected from the Finance Ministry . The general anti-avoidance rules GAAR, for now, is likely to be stalled
Posted in
Policies by Atul Agnihot at 5:49 PM on June 29, 2012
. It is learnt general anti-avoidance rules GAAR, for now, is likely headed for a cold storage and the government may push it beyond 2014 election or drop it completely.The government is likely to take remove
Posted in
Policies by Prachi Mishr at 5:48 PM on June 29, 2012
avoidance rules GAAR will apply from April 1, 2013 and the onus of proving tax liability under the rules will be on the tax department. For more details, please refer to the link:http://goo.gl/D2zzM
Posted in
Policies by Atul Agnihot at 5:46 PM on June 29, 2012
Hi Prachi,Draft guidelines regarding implementation of General Anti Avoidance Rules GAAR in terms of section 101 of the Income Tax Act, 1961.The Chairman, CBDT, Vide OM F.NO. 500/111/2009-FTD-1 Dated implementation of GAAR Provisions under the Direct Tax Code Bill, 2010 and to suggest safeguards to these provisions to curb the abuse thereof.For more details, please refer to the link:http://goo.gl/SJSFE
Posted in
Policies by Prachi Mishr at 5:40 PM on June 29, 2012
.The general anti-avoidance rules GAAR, introduced in the federal budget in March this year, target companies and investors routing investments through tax havens.For more details, please refer to the link
Posted in
Policies by Atul Agnihot at 5:38 PM on June 29, 2012
Hi Prachi,Indian shares rallied on Friday after the new draft guidelines on the general anti-avoidance rules GAAR announced late night yesterday suggested that the tax evasion rules would not apply
Posted in
Policies by Prachi Mishr at 5:36 PM on June 29, 2012
