Indian Finance Minister announces decisions on Indian GAAR regime

Asia-Pacific Tax Newsalert

During 2012 the Indian government introduced General Anti- Avoidance Rules (GAAR) in Indian domestic tax legislation effective April 1, 2013. Following representations from various stakeholders, the Indian government formed a special committee to provide recommendations. This committee submitted its recommendations in September 2012. The Indian Finance Minister recently announced the government's intent to accept several of the committee' proposals. Significantly, the Finance Minister has indicated that the GAAR regime’s effective date will be deferred until April 1, 2015.

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