Gaar

The due date for its filing is September 30 and if the taxpayer is covered by transfer pricing provisions, the due date is November 30.

Panel to hear taxpayer before  invoking GAAR under new set of rules

New  rules mandate officials to refer a suspected case of tax avoidance to a panel of senior officials. The Income Tax (8th Amendment) Rules, 2019 specify how tax officials should refer a suspected case of tax avoidance to a panel of senior officials and what should be the role of the panel.

It is getting harder for FPIs to dodge the super-rich tax

Foreign portfolio investors are a baffled lot. The trouble is the increase in tax surcharge doesn’t sit well with government’s stated intention of making India an investment hotspot.

Policy | FPIs in the face of changing tax rates

If India recognises the role played by FPIs to the depth and breadth of its capital markets as positive, then making its investment in India more expensive cannot be the way to do it.

I-T dept again defers GST, GAAR reporting in tax audit report till March 2020

The reporting requirement of these details in income tax audit form has been kept in abeyance till March 31, 2020 -- meaning that all income tax audit reports need not include details on GST and General Anti-Avoidance Rules (GAAR) till March 2020.

View: How GAAR, GST will forever change the way Indians pay tax

This is how your employee compensation structure might be affected after the rolling out of the General Anti-Avoidance Rule (GAAR) and the Goods and Services Tax (GST)….

Market Week Ahead: Top 11 factors that investors will focus on as FY18 kicks off

The meeting of Monetary Policy Committee scheduled on April 5 and 6 will be closely watched by the Street. Majority expect status quo this time despite encouraging retail inflation data.

Budget 2017: Extend 15% deduction for acquiring new machinery beyond Mar 31

To boost capital investment in manufacturing sector in future, it is expected that the existing benefit for additional deduction of 15 percent in respect of acquisition and installation of new plant and machinery to be extended for investments beyond March 31, 2017

Budget 2017: Expect more on POEM guidelines and GAAR, says EY

The law for determining tax residency for foreign companies by way of their POEM has been in force since April last year.

Trumponomics, cash ban take FPI outflow to Rs 5,600 cr in Jan

Foreign investors have pulled out a little over Rs 5,600 crore from the Indian capital market so far this month, concerned about "lower prospects" of economic growth compared with other emerging markets.

Action-packed week ahead: Budget 2017, earnings, auto sales to set tone for market

The Nifty has witnessed a breath-taking rally over the past one month, the fate of which may be decided this week when the Union Budget is presented on Wednesday (February 1).

Clarity on GAAR to rekindle investor confidence: India Inc

Industry body Assocham termed as a "positive development" the Central Board of Direct Taxes (CBDT) assertion that General Anti-Avoidance Rules (GAAR) would be applicable from April 2017.

Budget 2017: 5 ways in which Jaitley can spook market

The sharp run-up of almost 8 percent in the broad indices in the month preceding the Budget suggests that the market is expecting the moon, however, it takes just one announcement from Jaitley to pour cold water over such high hopes.

GAAR provisions to be effective from FY18: CBDT

Grandfathering as per I-T rules will be available to Compulsorily Convertible Instruments (CCI), bonus/split issue. Grandfathering will also apply to investments made prior to April 1, 2017.

Investors brace for transaction tax hike, less friendly Budget

While Prime Minister Narendra Modi's administration is widely seen as being friendly to businesses and investors, it not expected to announce any dramatic moves at a time when the economy is under pressure from a cash squeeze.

Double I-T exemption limit, continue with corp deductions: EY

The government should double the basic I-T exemption limit to Rs 5 lakh per year and continue with incentives and deductions to corporate houses for stimulating consumption demand and propel private investment post demonetisation, according to an EY survey.

FPI outflows at Rs 5,100 cr in Jan over economic growth concerns

Foreign investors have pulled out over Rs 5,100 crore from the Indian capital market so far this month over concerns regarding "lower prospects" of economic growth as compared to other emerging markets.

Budget 2017: Corporate tax cut likely; wary of GAAR implementation, says PwC

Speaking to CNBC-TV18, Ketan Dalal, Senior Tax Partner at PwC India, said while the general anti-avoidance rule should not be feared as people are already familiar with the contours of it, its implementation needs to monitored closely.

Budget 2017: No more delays: GAAR to kick-in from April 1, 2017

Govt unlikely to change GAAR‘s implementation date; amended CBDT rules have “grandfathered” investments made before April 1, 2017 exempting these from the anti-avoidance rule

Budget 2017: Direct tax reforms to be gradual than radical, says KPMG

One can expect the government to announce a marginal cut to the headline corporate tax rate along with a clear roadmap detailing the manner in which the proposed reduction and incentive phase out will be achieved.

Anti-avoidance tax rule to kick in from April 2017

Tax anti-avoidance rule GAAR will kick in from April 1, 2017, the tax department said today.

GAAR not to apply on income from investments before April 1

General Anti-Avoidance Rule (GAAR), which will kick in from April 1 next year, contains provisions to prospectively tax overseas deals involving local assets and are aimed at minimising tax avoidance and evasion by entities based in tax havens.

Sensex surges 193 pts, Nifty ends at 7900; DRL up 3%, banks lead

In stock specific action, banks, auto, IT and metals lead the market rally. ICICI Bank, Asian Paints, SBI and TCS were major gainers in the Sensex.

Govt must push GAAR by 2 yrs; most FIIs may fail test: Enam

Experts feel instruments such as participatory notes, which allow foreign investors to skip registration with Sebi to invest in India, may take a hit and that the regular route of investments was too cumbersome for FIIs