Budget 2012: Analyzing GAAR and Offshore Share Transfer Provisions

How Indian GAAR compares with other countries
Finance Bill, 2012 proposes to introduce General Anti-Avoidance Rules this year, which will majorly impact taxpayers within and outside the Indian border. Though these Rules are new to India, they hav...
GAAR provisions nullify Vodafone ruling, panel of CITs to confirm any ruling
The definition of ‘impermissible avoidance arrangement’ in the Finance Bill and the DTC Bill is the same. The consequences of invoking GAAR are different than those proposed in the DTC and...
Offshore Share Transactions Taxable; Sec 9 amended retrospectively
Amendment clarificatory, effective from 1962; Any share or interest in a company outside India deemed to be situated in India if share or interest derives, directly or indirectly, its value substantia...