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Cabinet may consider Vodafone tax issue next week

Mar 10, 2013

Cabinet may consider Vodafone tax issue next week

The Vodafone tax liability arose due to amending of the Income Tax Act, 1961, with retrospective effect during the tenure of the then finance minister Pranab Mukherjee. #Vodafone #CompanyWatch #Retrospective Tax #Parthasarathi Shome panel
Steps being taken for early roll-out of GST: FinMin

Feb 26, 2013

Steps being taken for early roll-out of GST: FinMin

The Finance Ministry today said work is in progress to rollout the new indirect tax regime GST as soon as possible, which will help remove the cascading effect of taxation and boost economic growth. #finance ministry #TheySaidIt #GST #Shome Panel
Chidambaram's speech: 10 decisions taken on GAAR

Jan 14, 2013

Chidambaram's speech: 10 decisions taken on GAAR

The GAAR provisions would override the double taxation avoidance agreement (DTAA) benefits if the arrangements were intended solely to evade taxes, the Finance Minister also said. #finance ministry #Gaar #Shome Panel #double taxation avoidance agreement #Tax. FMSpeaks #budget2013-videos
Retro tax, GAAR make 2012 eventful for tax reforms

Dec 27, 2012

Retro tax, GAAR make 2012 eventful for tax reforms

Retrospective tax amendment to bring into net Vodafone-type deals and concerns over implementation of GAAR kept the Revenue Department busy in 2012. #Vodafone #Tax #GST #Gaar #retro tax #Shome Panel #RearView2012
Govt to consider Shome panel recommendations on GAAR

Nov 22, 2012

Govt to consider Shome panel recommendations on GAAR

The government today said it is examining recommendations of the Shome committee which suggested postponement of the General Anti-Avoidance Rules (GAAR) by three years #NewsTracker #Chidambaram #Tax #Gaar #Shome Panel report
Retro-tax laws: Shome panel submits final report to govt

Oct 31, 2012

Retro-tax laws: Shome panel submits final report to govt

The government-appointed panel on taxation of indirect transfer of assets submitted its report to Finance Minister P Chidambaram. #NewsTracker #P Chidambarm #Vodafone Tax Case #Shome Panel #Retro-tax Laws
Don't use anti-tax avoidance measures to raise revenue: Shome

Oct 11, 2012

Don't use anti-tax avoidance measures to raise revenue: Shome

Anti-tax avoidance measures like GAAR should be used sparingly and not to raise revenue for the government, said Parthasarathi Shome who heads the government committees on taxation matters. #Tax #ExpertView #Gaar #Parthasarathi Shome #Shome Panel
Final view on retro tax amendments by Nov 15: FinMin

Oct 10, 2012

Final view on retro tax amendments by Nov 15: FinMin

The government is likely to take a final view by November 15 on the Shome panel report, which had favoured prospective application of tax laws in its report on retrospective amendments relating to taxation of indirect transfers, a Finance Ministry official said. #finance ministry #NewsTracker #Retrospective Tax #Shome Panel report
Shome panel proposals may cut Vodafone's tax liability

Oct 10, 2012

Shome panel proposals may cut Vodafone's tax liability

India should scrap a law that taxes asset transfers retrospectively, a government panel recommended in a draft report that could save Britain's Vodafone $2 billion. #Vodafone #ToWhatEffect #Shome Panel
Shome panel for waiving interest, penalty in retro tax

Oct 09, 2012

Shome panel for waiving interest, penalty in retro tax

The Shome panel said that retrospective amendment of tax laws should occur in exceptional or rarest of rare cases. #Vodafone #PolicyWatch #Parthasarathi Shome #Shome Panel