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Taxing philosophy
Finance Minister Pranab Mukherjee appears to have taken note of India Inc's howls of protest at the aggressive tax regime that was announced in his latest Budget via retrospective amendments to law and stringent General Anti-Avoidance Rules. Inaugurating the Income Tax Department's new building in New Delhi this week, he chose to advise his officers on tax collection techniques by quoting two noted
Finance Minister Pranab Mukherjee appears to have taken note of India Inc's howls of protest at the aggressive tax regime that was announced in his latest Budget via retrospective amendments to law and stringent General Anti-Avoidance Rules. Inaugurating the Income Tax Department's new building in New Delhi this week, he chose to advise his officers on tax collection techniques by quoting two noted
GAAR provisions to be part of DTC to come into effect in April 2013
The General Anti-Avoidance Rule (GAAR), approved under the Finance Act, will be part of the Direct Taxes Code (DTC) Bill to be tabled in the monsoon session of Parliament. The finance ministry
If Europe sneezes, India could catch a cold
The ‘risk-on’ party is over. After a dream run, equity markets are back to staring at a renewed crisis in Europe. At the start of the calendar year, a semblance of normalcy returned to
Clarity on GAAR to attract long-term money
Budget 2012-13 introduced the General Anti Avoidance Rule (GAAR). The finance minister managed to resolve the issue to a large extent, but Mauritius would no longer be a tax haven for doing business
Budget 2012-13 introduced the General Anti Avoidance Rule (GAAR). The finance minister managed to resolve the issue to a large extent, but Mauritius would no longer be a tax haven for doing business
Firms may shift to DTAA countries
Finance Minister Pranab Mukherjee’s amendments to the Finance Bill 2012-13, have ensured companies operating their businesses through countries with which India has double taxation avoidance
Sensex falls to 4-month low on euro zone crisis
India’s stock markets on Tuesday fell to a four-month low on the back of negative global cues and a weakening rupee. The deferment of the General Anti-Avoidance Rule (GAAR) by Finance
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