Shome committee recommendations on GAAR being examined: Govt

Last Updated: Thursday, November 22, 2012, 15:04

Committee headed by tax expert Parthasarathi Shome, set up by the government, has submitted two reports -- on GAAR and retrospective amendments relating to indirect transfers.

GAAR amendments finalised: Chidambaram

Last Updated: Sunday, November 18, 2012, 13:53

Amendments to GAAR, the controversial law against tax avoidance through foreign investments, have been finalised, Finance Minister P Chidambaram disclosed on Sunday.

Govt to announce final guidelines on GAAR implementation soon

Last Updated: Friday, November 16, 2012, 21:47

The Finance Ministry has firmed up its views on the GAAR and the draft has been sent to Prime Minister Manmohan Singh, an official said.

Govt to announce final guidelines on GAAR implementation soon

Last Updated: Friday, November 16, 2012, 20:20

The government is likely to announce soon the final guidelines on implementation of the controversial General Anti Avoidance Rules (GAAR).

We have dispelled atmosphere of gloom and doom: PM

Last Updated: Saturday, November 10, 2012, 20:06

As regards the growth prospects for the current financial year, Singh said the Indian economy has been affected by the global slowdown and this has dampened the investor sentiment.

Direct tax code needs to go back to drawing board: Shome

Last Updated: Thursday, October 11, 2012, 23:58

Hinting that the central government would not be able to introduce the direct tax code (DTC) by April 2013, Parthasarathi Shome, who heads the high-powered committee on GAAR, said it needs to go back to the drawing board as some changes are required.

Relief for Vodafone as Shome panel recommends prospective application of tax law

Last Updated: Wednesday, October 10, 2012, 08:51

In a recommendation that could give relief to companies like Vodafone, a Government-appointed committee on Tuesday favoured prospective application of tax law and waiver of interest and penalty in case of retrospective application.

Relief for Vodafone as Shome panel recommends prospective application of tax law

Last Updated: Wednesday, October 10, 2012, 08:51

In a recommendation that could give relief to companies like Vodafone, a Government-appointed committee on Tuesday favoured prospective application of tax law and waiver of interest and penalty in case of retrospective application.

Final guidelines on GAAR by month end: Chidambaram

Last Updated: Monday, October 1, 2012, 15:39

The ministry, Chidambaram said, would first finalise its report on GAAR and then consider if there was a necessity to amend the Income Tax Act.

GAAR panel likely to submit final report today

Last Updated: Sunday, September 30, 2012, 12:00

The Parthasarathi Shome panel, looking into the taxation issues relating to GAAR (General Anti-Avoidance Rules), is likely to submit its final report to Finance Minister P Chidambaram on Monday.

Final GAAR report by end of the month: Shome

Last Updated: Friday, September 21, 2012, 15:40

The Parthasarathi Shome panel, which is looking into the taxation issues relating to GAAR (general anti-avoidance rules), is likely to submit its final report by end of the month.

Vodafone decision will be taken by IT dept post GAAR report: FM

Last Updated: Tuesday, September 18, 2012, 00:02

Finance Minister P Chidambaram Monday said the Income Tax Department will take a decision on the Vodafone taxation issue after the Shome Committee gives its report on General Anti-Avoidance Rules (GAAR).