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As per latest report, on Saturday a committee review the General Anti-Avoidance Rules (GAAR), Shome committee announced to give relief to the investors, raising Industry Inc by capital gains tax exemption on transfer of securities as well as the controversial tax regime be defer by three years .
In July, for GAAR tax avoidance recommendation designed to interfere company transactions and income structured, Centre had appointed the Parthasarathi Shome committee. In its report submit to finance
The Reserve Bank of India [RBI] on Monday has announced a series of steps which according to RBI will help to improve the national currency and the economy.
The measure explained by the RBI includes growing limits for external commercial borrowings as well as government securities.
This time while Indian stock market seems to be at the trouble, each time blinking with a quick up and down change in form of value of rupees against dollar, there are at least three issues that are related with Indian equities and necessary for investor.
First most is linked with the implications of the new general anti-avoidance rules (GAAR) for foreign institutional investors (FIIs).
There is a big hurdle for brokers even for FII that what should be the procedure of financial transaction from April 1 onwards as during the Budget revised norms, the income tax authorities “looking through” the P-note supplier and testing the tax residence of the end investors.
