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    Indian Government to Defer GAAR to 2016

    Jan. 16 – On Monday January 14, Indian Finance Minister P. Chidambaram stated that India would delay the implementation of its controversial rules on tax avoidance known as the General Anti-Avoidance Rules (GAAR) to 2016. The decision earned positive reactions from the market, and is likely to help attract more capital inflow and improve investor[…..]

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    GAAR Execution May Be Postponed to 2016-17

    Sept. 5 – A specialist group on tax laws recommended that the Indian government postpone execution of the General Anti-Avoidance Rules (GAAR) until financial year 2016-17 and eliminate capital gains tax on securities transfers to ensure investment and capital flows. The group, appointed by the Prime Minister of India, suggested a series of steps which[…..]

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    India Issues Re-Assurances over Tax and Retroactive Legislation

    India’s Finance Minister Pranab Mukherjee has scotched media reports concerning the intentions of India’s new tax regulations, and has pulled back on GAAR until April 2013.