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Rediff.com  » Business » India set to take final stand on GAAR

India set to take final stand on GAAR

By Manoj Kumar
July 25, 2014 15:00 IST
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GAARFinance Minister Arun Jaitley said on Friday he was preparing to take a final decision on the controversial rules on tax avoidance introduced by the previous government, which were deferred by two years.

Jaitley did not give a timeline for the decision or more details.

Introduced in 2012, the General Anti-Avoidance Rules, were aimed at companies routing money through tax havens such as Mauritius, but implementation was delayed after an uproar from investors who feared harassment from tax authorities.

 

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Manoj Kumar in New Delhi
Source: REUTERS
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