GAAR

It makes it clear that GAAR cannot be applied to income from pre-2017 investments, regardless of when they are sold.

CBDT clarifies GAAR provisions to exempt pre-2017 investments from scrutiny, aiming to boost investor confidence and ensure tax certainty

Supreme Court's Tiger Global ruling strengthens GAAR, pushing taxpayers to rethink treaty benefits, legacy structures and cross-border tax planning

Vadilal Industries had appealed that the 8 varieties of parathas it makes should all draw the same rate as chapatis

The I-T Dept had, in 2018, changed the tax audit form 3CD, seeking details under GST as well as GAAR, which seeks to prevent firms from routing transactions through other countries to avoid taxes

One way to address treaty abuse is to insert a PPT rule in double taxation avoidance agreements

GAAR will be effective from the next financial year

The right to plan tax affairs is a fundamental right of every taxpayer

New rules take effect from April 1; tax treaties won't be overridden

GAAR will not interplay with right of taxpayer to choose method of transaction

Revised double taxation avoidance agreement with Singapore says GAAR will override treaty

Already adopted by over 100 countries, the international rules could be implemented in India by 2019

Arun Jaitley had in his Budget speech in 2015, deferred GAAR implementation by two years

The industry has been demanding that GAAR provisions should apply prospectively

Fear these might be used to harass honest taxpayers

Cyprus is learnt to have approved, in-principle, the proposals made by the Indian side on taxing capital gains

Ministry asks stakeholders to provide particular provision and apprehensions or doubt in relation to tax avoidance structure

GAAR, which seeks to check tax evasion, will come into effect from Assessment Year 2018-19

The GAAR provisions, with effect from April next year will override the DTAA in case of abuse

The tax officers must use GAAR as an exception, rather than the rule, in every tax proceeding