Intra Day News
FM defers GAAR markets sigh in relief
Indian shares staged a smart recovery on Monday, amid a sea of red in the global markets, after the government deferred by a year implementation of a controversial tax rule that would have hit foreign investors.
Finance Minister Pranab Mukherjee told Parliament the General Anti-Avoidance Rule (GAAR) would be delayed to financial year 2013-14, adding the burden of proving tax evasion would lie with
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