[aaykarbhavan] Fw: GAAR Comments Invited

----- Forwarded Message -----
From: Dipakkumar Shah <cadjshah@yahoo.com>
To: Dipak Shah <djshah1944@yahoo.com>
Sent: Monday, 3 September 2012 5:45 AM
Subject: Fw: GAAR Comments Invited

----- Forwarded Message -----
From: Nellore ICAI <nellore@icai.org>
To: 023076 Gr <gr@icai.org>
Sent: Monday, September 3, 2012 2:58 AM
Subject: GAAR Comments Invited

Press Information Bureau 
Government of India
Ministry of Finance 

01-September-2012 15:41 IST

The Expert Committee Headed by Dr. Parthasarathi Shome on Gaar Submits the Draft Report; Comments from Stakeholders and General Public Invited by 15th September,2012 

The Government had constituted an Expert Committee on General Anti Avoidance Rules (GAAR) to undertake stakeholder consultations and finalise the GAAR guidelines as well as a roadmap for implementation. 

The Committee, chaired by Dr. Parthasarathi Shome, has submitted its draft report after analysis of the GAAR provisions and noting the concerns expressed by various shareholders. The draft report has recommended certain amendments in the Income-tax Act, 1961; guidelines to be prescribed under the Income-tax Rules, 1962; circular to clarify GAAR provisions along with illustrations; and other measures to improve tax administration specifically oriented towards GAAR matters. 

The report of the Committee has been uploaded on the Finance Ministry's website (http://finmin.nic.in/) for comments from stakeholders and the general public. 

The comments and suggestions on the draft report may be submitted by 15th September, 2012 at the email address (jstpl2@nic.in) or by post at the address: Joint Secretary (Tax Policy & Legislation-II), Room No.152, North Block, Central Board of Direct Taxes (CBDT), Department of Revenue, Ministry of Finance, North Block, New Delhi – 110001 with "Comments on GAAR Committee" written on the envelope. 

******

DSM/RS

--
With Best Wishes

CA. V.M.V.SUBBA RAO
CHAIRMAN
NELLORE BRANCH OF SIRC OF ICAI
09390221100
http://www.nellore-icai.org

e mail: nellore@icai.org  /  vmvsr@rediffmail.com

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