Reality check on tax avoidance

There are many worthwhile ideas, whose time, however, may not be now. This certainly applies to the General Anti Avoidance Rules (GAAR), proposed in this year’s Union Budget, whose implementation has already been postponed by a year to April 1, 2013. An Expert Committee under Parthasarathi Shome has now suggested a further three-year deferral to 2016-17.

Read Full Story>>