Amendments Proposed in Provisions Relating to GAAR.

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..... Amendments Proposed in Provisions Relating to GAAR. - News and Press Release Dated:- 15-5-2012 - News - Press Information Bureau Government of India Ministry of Finance 15-May-2012 18:0 .....

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..... 2 IST Amendments Proposed in Provisions Relating to GAAR The following government amendments have been proposed in the provisions relating to General Anti-Avoidance Rules (GAAR) contained in th .....

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..... e Finance Bill 2012. i) To remove the onus of proof from the tax-payers to the Revenue Department before any action can be initiated under GAAR. ii) To introduce an independent member, not below t .....

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..... he rank of Joint Secretary from the Ministry of Law, in the GAAR approving panel to ensure objectivity and transparency. iii) To provide that both resident or non-resident tax-payers can approach th .....

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..... e Authority for Advance Ruling (AAR) for a ruling as to whether any arrangement to be undertaken is permissible or not under the GAAR provisions. iv) To provide more time to both tax payers and the .....

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..... tax administration to address all related issues, it is proposed to defer the applicability of GAAR provisions by one year i.e. with effect from financial year 2013-14. This information was given by .....

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..... the Minister of State for Finance, Shri S.S. Palanimanickam in written reply to a question in Rajya Sabha today. * * * DSM/SS/Hb - News - Press release - PIB Tax Management India - taxmanag .....

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..... ementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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