Latest News on General Anti Avoidance Rules
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General Anti Avoidance Rules - Total results - 5
May 14, 2018
Walmart-Flipkart $16 bn deal: Income Tax Department to seek share purchase pact from Flipkart to ascertain tax liabilityIn the Walmart-Flipkart deal, the revenue department will go through the share purchase agreement to ascertain the purpose of investment and the emanating gains.
Jan 27, 2017
GAAR to finally take effect from 1 April after 3 year delaySeeking to assuage concerns of investors, CBDT said GAAR provisions shall be effective from assessment year 2018-19 onwards and "shall not be invoked merely on the ground that the entity is located in a tax efficient jurisdiction".
Mar 01, 2015
GAAR to incorporate OECD initiative's norms on tax avoidanceFinance Minister Arun Jaitley in his Budget for 2015-16 yesterday had postponed by two years to 1 April 2017 the implementation of the controversial GAAR.
Sep 27, 2013
GAAR will apply to FIIs who currently benefit from tax treatiesThe General Anti Avoidance Rules (GAAR) provisions will come into force from April 1, 2016, the Central Board of Direct Taxes (CBDT) said in a notification dated September 23.
Aug 29, 2012
Why Direct Tax reforms will not happen in April 2013Finance Minister P Chidamabram has said he will have to take a fresh look at the Bill that was introduced by his successor Pranab Mukherjee.