It has long been argued that the government should tax agriculture income to increase its tax base. The idea has been proposed and disposed of many times in the past few years, with the latest being from NITI Aayog Member, Bibek Debroy, who, in a press ... catchnews.com, 9 hours ago
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 portfolio investors (FPIs) are jittery as recently revised India-Singapore tax treaty has created confusion over general anti-avoidance rule (GAAR) overriding bilateral tax treaties. This is despite the fact that a high-level panel, led by tax expert Parthasarathi Shome, had recommended that GAAR should ...Rediff.com, 2 months ago
GAAR will not override the recently revised double taxation avoidance agreements with Mauritius and Singapore. The finance ministry sent positive signals to foreign portfolio investors on Friday by clarifying that the general anti-avoidance rules (GAAR, on taxes) will not override tax treaties with suitable limitation of benefit (LoB) clauses, but which had certain grey areas to interpret. Experts said it would have been better if these clarifications could have come earlier, as it takes ...Rediff.com, 2 months ago
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