Losing streak continue on the d-street, last week Nifty 50 spot index closed below psychological level of 5000. It made a low of 4836.70 which confirmed negative biasness.A combination of various factor such as rising macro challenges , policy paralysis , uncertainty related to foreign taxation(GAAR), monsoon expectation, the Spain debt crisis and muted threat […]
The GAAR application has been deferred by a year due to the protest of both foreign and Indian investors. This will be implanted on the year 2013 and 2014. In order to address the problem with GAAR, a special committee that will discuss the rules and guideline for the implementation of GAAR was established. We […]
It was expected that General-Anti Avoidance Rules (GAAR) is introduced in the financial budget of 2012-13. This rule is giving more power to the income tax department. They can deny tax benefit if they are observing any kind of way to avoid the tax payments to the government. For example, if an entity is well […]
