Only a year's deferral likely for GAAR

The Centre is not likely to accept the Shome panel recommendation to defer implementation of the proposed General Anti Avoidance Rules by three years, till April 2016.The finance ministry is not in......

GAAR to be finalised after consultation with PMO: FinMin

Within hours of the PMO issuing a statement saying that the draft GAAR rules were not seen by Prime Minister Manmohan Singh, a top finance ministry official said on Friday the guidelines will be......

Govt turns down FIIs on GAAR

The finance ministry on Thursday turned down foreign institutional investors' demand that capital market transactions be exempted from the proposed General Anti-Avoidance Rule, to be implemented......

Why foreign portfolio investors are a worried lot today

One of the key concerns of foreign investors is how the general anti-avoidance rule would apply in case an investor is availing benefits under double taxation avoidance agreement. Foreign......