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  • CBDT again defers GST, GAAR reporting in I-T audit report until March 2021 Apr 27, 2020 09:14 PM IST

    CBDT again defers GST, GAAR reporting in I-T audit report until March 2021

    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 Sep 19, 2019 02:59 PM IST

    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 Jul 15, 2019 12:24 PM IST

    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 Jul 15, 2019 10:00 AM IST

    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 May 14, 2019 08:28 PM IST

    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 Jul 30, 2017 07:55 PM IST

    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)….

  • SocGen, BNP woo funds eyeing India with tax saving gambit: Sources Apr 06, 2017 06:45 PM IST

    SocGen, BNP woo funds eyeing India with tax saving gambit: Sources

  • Market Week Ahead: Top 11 factors that investors will focus on as FY18 kicks off Apr 01, 2017 06:34 PM IST

    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 Jan 31, 2017 06:14 PM IST

    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 Jan 31, 2017 04:19 PM IST

    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 Jan 29, 2017 12:26 PM IST

    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 Jan 28, 2017 09:05 PM IST

    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 Jan 27, 2017 09:32 PM IST

    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 Jan 27, 2017 06:59 PM IST

    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 Jan 27, 2017 04:59 PM IST

    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 Jan 27, 2017 12:41 PM IST

    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 Jan 22, 2017 01:00 PM IST

    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 Jan 22, 2017 01:00 PM IST

    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 Jan 16, 2017 03:42 PM IST

    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 Jan 16, 2017 11:37 AM IST

    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 Jan 12, 2017 03:25 PM IST

    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 Jan 08, 2017 03:24 PM IST

    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 Jun 27, 2016 09:16 AM IST

    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 May 12, 2016 03:47 PM IST

    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 May 12, 2016 12:42 PM IST

    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

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