'GAAR SHOULD BE ADMINISTERED BY AN INDEPENDENT COMMITTEE'

While the finance minister claims to have bridged the trust deficit created by the previous government, the General Anti-avoidance Rules (GAAR) has always been a concern among investors, and instrumental in creating an atmosphere of tax uncertainty. To this end, the promise by the finance ministry to release guidance that would provide more clarity is very welcome. To instil trust and confidence in the international community, here are some key safeguards that the government may like to take while providing the much-needed guidance: Every structure need not be subjected to ...