« Direct Tax » Open DEMAT Account in 24 hrs  Net direct tax collection grow 7% as refunds fall sharply  GSTR-3B deadline expired: File now to avoid input tax credit loss, GST registration cancellation  ITR Filing: Income tax department shortens time limit for condonation of delay What it means for taxpayers  CBDT launches campaign to intimate taxpayers on undeclared foreign assets in ITR  ITR AY2024-25: CBDT launches campaign for taxpayers to report income from foreign sources   CBDT comes out with FAQs on Direct Tax Vivad se Viswas scheme 2024  CBDT weighs overhaul of designations for income tax officials to secure better clarity  Direct tax-GDP ratio at millennial high in FY24  CBDT comes out with FAQs on Direct Tax Vivad se Viswas scheme 2024  Tax filing: How to choose the right ITR form  Income Tax Return: How to maximise your tax refunds while filing ITR? «  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..