General Anti Avoidance Rules

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.

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.

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.

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.

Govt comments on long-term capital gains tax uncalled-for: ALMT

Speaking to CNBC-TV18 Aliff Fazelbhoy, Senior Partner at ALMT Legal, said that the PM‘s speech over the weekend on tax was uncalled-for.

India to see double-digit growth on GST, good monsoon:Adi Godrej

Recent revisions made in the Mauritius treaty are not going to be a deterrent and would bring clarity in General Anti-Avoidance Rules (GAAR), says Adi Godrej, Chairman of Godrej Group.

See surge in FDI flows before Apr 2017:Shaktikanta Das

This treaty with Mauritius, he said, addresses the concerns with regard to round-tripping of unaccounted wealth into India, says the Economic Affairs Secretary.

'Govt may not raise time frame of long-term capital gains tax'

Recent reports have suggested that the government is mulling whether to change the definition of 'long term' from one year to three years, thus ensuring that investors don't exit till three years unless willing to pay tax.

Corpr tax rate reduction will make India more competitive

On retrospective amendment, the Finance Secretary said,"If we look at General Anti Avoidance Rules (GAAR) also there was an element of retrospectivity in GAAR, it was supposed to be applicable on all transactions after 2010, now the Finance Minister has announced it will be applicable on transactions on or after April 1, 2017.

GAAR to incorporate OECD initiative norms on tax avoidance

The BEPS initiative aims to ensure that taxes are paid where profits are made. Multinational companies use a wide range of cross border tax planning techniques that result in little or tax liability and such results are referred to as 'Base Erosion and Profit Shifting'.

Delayed fisc consolidation won't hurt India rating: Moody's

"The measures in the Budget doesn't change our view on India' s sovereign credit profile," Moody's Sovereign Ratings Analyst Atsi Sheth told Media.

FM tax rules stump FIIs; investors seek clarity: Experts

Ashok Wadhwa of Ambit Capital believes use of the term, 'beneficial ownership' is worrying investors and its context is now key to interpreting what the Finance Ministry intends to do. He also added that Chidambaram's intent seems to continue honouring the Mauritius route.

See sell-off if no clarity on FII tax issue: DSP BlackRock

S Naganath, president and CIO of DSP BlackRock Investment Managers, expects to see further selling if the government does not clear the confusion over the tax residency certificate soon.

GAAR: Taking a leaf from global rules

In the run-up to the Union Budget 2013-14, which may spell out the final word on General Anti Avoidance Rules (GAAR), let us see how other nations have designed it

FII inflow into Indian stocks crosses $7 bn in 2013 so far

The investment by overseas investors into Indian stock market since the beginning of 2013 has crossed USD 7 billion mark, out of which more than USD 3 billion were pumped in the month of February alone.

GAAR: Past, Present & Future

The Indian economy no longer functions as a singular isolated entity, in the globalized era that exists today cross border trade and transactions are the norm rather than the exception.

FM Lays Down Roadmap For GAAR

The Finance Act 2012 introduced the General Anti Avoidance Rules (GAAR) in the Income-tax Act, 1961 (IT Act). Thereafter, the Prime Minister set up an Expert Committee (EC) under the Chairmanship of Dr Parthasarathi Shome.

GAAR Report: 25 Key Takeaways

Yesterday, the Finance Minister issued a press release on the General Anti-avoidance Rules. The Ministry has accepted various recommendations made by the Shome Committee on GAAR.

GAAR issue: FIIs likely to pay STCG tax, says BMR's Butani

Implementation of the controversial GAAR (General Anti-Avoidance Rules) has been deferred by two years to April 2016 by finance minister P Chidambaram. The new rules have also exempted non-resident investors in FIIs from its purview.

India remains attractive investment destination: Deloitte

India remains an attractive investment destination even as taxation uncertainties pose a challenge, according to global consultancy Deloitte. A survey of investors, spread across various segments, conducted by Deloitte also found that investors were looking for more clarity on certain tax issues.

GAAR framework aimed at boosting investor confidence

The General Anti-Avoidance Rules (GAAR) framework has been prepared keeping in mind the need to instil confidence among investors, tax expert Parthasarthi Shome said on Friday.

GAAR maybe deferred till April 2014: Sources

The uncertainty over General Anti-Avoidance Rules (GAAR) continues. The Finance Ministry has indicated that the ministry may defer introduction of GAAR by a year, setting aside the Shome panel's proposal for a three year deferral.

Shome panel submits GAAR report: Here are the proposals

The Parthasarathi Shome panel has submitted two reports to the Finance Minister P Chidambaram. The reports include final take on General Anti-Avoidance Rules (GAAR) and the other is a draft on retrospective amendment, reports CNBC-TV18's Siddarth Zarabi.

Prez refuses to join debate on proposed tax policy changes

President Pranab Mukherjee today refused to join the debate over changes sought to be made by the government in retrospective taxation policies and disapproved sentiments that indicate lack of confidence.