« Direct Tax » Open DEMAT Account in 24 hrs  ITR 2024 25 Check tax department s update on TDS and refunds  Income Tax: Why did some taxpayers receive notice for discrepancy in house rent receipt? IT Dept explains  Income tax exemption: 4 financial instruments you can still invest into before March 31  CBDT drops small tax demands but not TCS, TDS claims  ITR Refund: Awaiting money from Income Tax? Here's why you have not yet received your amount  Income Tax Notice: What to do if you receive a Section 143 (1) notice from taxman?  Average tax return processing time cut to 10 days: CBDT  7 types of Income Tax Notice ITR filers may receive for AY 2023-24  ITR filing: Do these advance preparations before filing your income tax return  What are the strategies to maximize tax refunds after submitting an income tax return (ITR)?  ITR filing: Tax rules on income from house property that your should know «  Direct Tax collection at Rs 4.93 lakh cr in 2011-12... Direct Tax collection at Rs 4.93 lakh crore in 2011-12... » GAAR on anvil: Hope for the best and plan for the worst May, 11th 2012 The deferral of the General Anti Avoidance Rules (GAAR) to April 1, 2013, brought a sense of relief for investors exhausted by the recent slew of harsh and retrospective tax provisions. Taxpayers today are confronting the complex and rapidly changing tax and regulatory environment for doing business in India the sunset of tax holidays, the proposed migration to the Direct Tax Code and a sweep of judicial decisions that often provide conflicting interpretations. This brings into question on how best it is for taxpayers and investors to plan living with GAAR. Well, couple of aspects deserves attention. Firstly, GAAR is the big daddy for tackling tax abuse which has been introduced in several jurisdictions around the world. Although deferred by a year, it is now here to stay. GAAR supplements the focused and directed attempts of the tax authorities to tackle specific tax abuses via specific provisions, often collectively referred..