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Jun 28, 2012, 05.26 PM IST
INDIA-TAXATION-GAAR:No plans to defer GAAR until 2014: official
NEW DELHI (Reuters) - The government will issue draft rules for the General Anti-Avoidance Rule (GAAR), aimed at fighting tax evasion, by Thursday evening, Finance Secretary R.S. Gujral told reporters.
The government has no plans to defer GAAR until 2014, Gujral said. The finance ministry will issue a clarification on all outstanding tax issues, including retrospective taxation on foreign corporate deals involving Indian assets, within two weeks.
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