Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
18 September, 2014 12:25 IST
News
FM proposes modification of GAAR from April 2016
Source: IRIS (28-FEB-13)
Comments  |  Post Comment

The Finance Bill 2013 proposes to bring the modified provisions of General Anti-Avoidance Rules (GAAR) into effect from April 1, 2016. Presenting the Union Budget in the Lok Sabha today, the Finance Minister Shri P.Chidambaram said that Finance Act 2012 introduced GAAR. A number of representations were received against the new provisions. An expert committee was constituted to consult stakeholders and finalise the GAAR guidelines.

Shri Chidambaram said after careful consideration of the report, the Government announced certain decisions on January 14, 2013 which were widely welcomed. These decisions are now being incorporated in the Income-Tax Act. The modified provisions preserve the basic thrust and purpose of GAAR.


News
Ranbaxy receives CID from US Department of Justice - 18-Sep-2014 12:24
Kirloskar Brothers gets certificate of incorporation for Pneumatic Holdings - 18-Sep-2014 12:22
GAIL releases its fourth sustainability report for FY 2013-14 - 18-Sep-2014 12:19
Sadbhav arm acquires 20% stake in JV from Patel Infra - 18-Sep-2014 12:11
Parsvnath transfers rights in township project to Supertech - 18-Sep-2014 12:08
BHEL wins EPC contract worth Rs 35.36 bn from GSECL - 18-Sep-2014 11:53
Suzlon completes production of first blade for S111 2.1 MW turbine - 18-Sep-2014 11:25
Thomas Cook India inks pact with RBL Bank - 18-Sep-2014 11:05
INOX Leisure to merge with Satyam Cineplexes - 18-Sep-2014 10:59
Indosolar bags supply contract worth Rs 158 mn - 18-Sep-2014 10:53
Apollo Tyres confirms Hungary for greenfield facility - 18-Sep-2014 10:37
more...
* Q - Quote , N - News , C - Chart , F - Financials
Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type   wvxwn5 into this box
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Forums  |   E-mail  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer