GAAR
Budget 2027–28: ASSOCHAM calls for tax reforms to boost investment, manufacturing, ease of doing business and tax certainty
ASSOCHAM has called for a series of Direct and Indirect Tax reforms in the Union Budget 2027–28 to boost investment, strengthen domestic manufacturing, attract foreign capital and improve ease of doing business.
Tax-wise, $-foolish: Saving Dalal Street could come at a cost to Startup Street
India's financial landscape is experiencing pressure with foreign portfolio investors becoming net sellers in the market. There are discussions about implementing tax cuts to stabilize the situation, which could disadvantage domestic investors. A focus on only listed shares may divert investments from private markets and harm the startup ecosystem. Expert suggestions advocate for a universal tax reduction applicable to both listed and unlisted shares.
Global investors against use of judicial anti-avoidance rule by tax officials
International investors have raised concerns regarding the Indian Income-tax authorities' invocation of the judicial anti-avoidance rule. At a recent meeting, investors communicated their issues with the Central Board of Direct Taxes on this matter. The use of JAAR to deny relief on grandfathered shares contradicts prior regulations established by the CBDT. The standing of both GAAR and JAAR remains complex due to Supreme Court rulings.
Taxman's JAARing move opens fresh debate over Mauritius treaty
The recent invocation of JAAR, a GAAR-type tool in the armoury of the taxman, in a certain case has stunned many. Even though technically the tax department has the power to invoke JAAR, the recent move was entirely unforeseen following the CBDT assurance and subsequent change in the law to spare grandfathered shares from GAAR.
GAAR shadow over payments abroad worries India Inc
India Inc seeks clarity on General Anti-Avoidance Rules (GAAR) for payments to foreign entities after a Supreme Court ruling. The govt offered partial relief on GAAR for old stock investments, but companies want assurance against tax officials invoking GAAR on dividends, interest, and royalties.
Government amends income tax rules to end uncertainty over GAAR
These general anti-avoidance rules, popularly called GAAR, seek to deny tax benefit to any arrangement entered only for the purpose of avoiding tax.
PHD Chamber asks Government to delay implementation of GAAR by 1 year
As per the existing proposal, investments made after March 2013 will be covered under GAAR with effect from assessment year 2016-17.
There is good reason to defer GAAR implementation by a few years: Pranav Sayta, EY
"The reason why I feel GAAR ought to have been deferred is we need detailed guidelines with very clear guidance to tax payers."
Government notifies implementation of GAAR from April 2016
India has said all investments made by foreign investors prior to August 2010 will not attract the controversial tax rules, the General Anti-Avoidance Rules or GAAR.
2013 projetcs new highs for markets as GAAR gets deferred to 2016
The GAAR rules, when they come into force, will not apply to foreign institutional investors who do not take any benefit under a tax pact.
GAAR tax laws deferred to April 1, 2016: Finance minister P Chidambaram
GAAR, which was proposed in 2012-13 budget for preventing tax evasion, evoked sharp reactions from foreign and domestic investors.
Parthasarathy Shome panel's recommendations on GAAR make sense, on the whole
The Shome panel's recommendation to postpone GAAR to 2016-17, rather than make them kick in next year, would create space for holistic reform of taxation.
Prime Minister Manmohan Singh expands terms of reference of GAAR panel
Manmohan Singh 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.
GAAR: Guard against arbitrary action by taxmen, run its invocation past a jury
Gaar guidelines must ensure that such discretion is not used in an arbitrary manner. An independent jury should vet proposal to invoke Gaar, hearing both sides.
Industry wants changes in GAAR guidelines, govt panel to meet again
Industry has asked the government to further modify the guidelines for the proposed General Anti-Avoidance Rules or GAAR.
Unfolding of GAAR guidelines - end of uncertainty?
It is clarified that the provisions of GAAR will apply to the income accruing or arising to the taxpayers on or after 1 April 2013 and not retrospectively.
GAAR won't be invoked for P-notes
The I-T department put out the detailed guidelines on GAAR, stating that rules will apply only to income earned after April 1, 2013.
GAAR: Finance Ministry issues draft guidelines, proposes monetary threshold
Although the draft did not specify the monetary limit, it said that those deals which are over a prescribed limit should be covered by GAAR provisions.
FM, here's the way out of the tax mess: Scrap GAAR
Finance ministry may be reluctant to admit it, but there was an error of judgment in rushing headlong into GAAR.
Load More
