Latest News on Shome panel
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Shome panel - Total results - 12
Mar 10, 2013
Cabinet may consider Vodafone tax issue next weekThe 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.
Feb 26, 2013
Steps being taken for early roll-out of GST: FinMinThe 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.
Jan 14, 2013
Chidambaram's speech: 10 decisions taken on GAARThe 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.
Dec 27, 2012
Retro tax, GAAR make 2012 eventful for tax reformsRetrospective tax amendment to bring into net Vodafone-type deals and concerns over implementation of GAAR kept the Revenue Department busy in 2012.
Nov 22, 2012
Govt to consider Shome panel recommendations on GAARThe government today said it is examining recommendations of the Shome committee which suggested postponement of the General Anti-Avoidance Rules (GAAR) by three years
Oct 31, 2012
Retro-tax laws: Shome panel submits final report to govtThe government-appointed panel on taxation of indirect transfer of assets submitted its report to Finance Minister P Chidambaram.
Oct 11, 2012
Don't use anti-tax avoidance measures to raise revenue: ShomeAnti-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.
Oct 10, 2012
Shome panel proposals may cut Vodafone's tax liabilityIndia 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.
Oct 10, 2012
Final view on retro tax amendments by Nov 15: FinMinThe 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.
Oct 09, 2012
Shome panel for waiving interest, penalty in retro taxThe Shome panel said that retrospective amendment of tax laws should occur in exceptional or rarest of rare cases.