Top Law News PM sets up committee to frame guidelines on GAAR July 13, 2012 by Legal India Admin | Leave a Comment Within a fortnight of the Finance Ministry issuing draft guidelines on GAAR, Prime Minister Manmohan Singh on Friday set up a committee to prepare fresh norms on the controversial tax provision to bring “greater clarity” and prepare a roadmap by September 30 for its implementation. The four-member committee, to be headed by ICRIER chief and […] Read more » Expert Committee on GAAR Finance Minister Pranab Mukherjee GAAR GAAR Guidelines GAAR provisions general anti-avoidance rules guidelines on GAAR Manmohan Singh Pranab Mukherjee Prime Minister Manmohan Singh taxation expert Parthasarathi Shome
High Profile Cases Pranab defends amending IT Act to deal with Vodafone-type deals April 1, 2012 / April 1, 2012 by Legal India Admin | 1 Comment on Pranab defends amending IT Act to deal with Vodafone-type deals Finance minister Pranab Mukherjee on Saturday said there is “no other way” but to amend the Income Tax Act with retrospective effect to bring into the net Vodfone-type cross-border deals. “I am posing a very few straight questions to you. We shall have to decide whether you want India to be a no-tax country or […] Read more » Finance Minister Pranab Mukherjee Income Tax Act Vodfone-type cross-border deals
Media & Entertainment News Kashmir villager sends Rs.26 to Manmohan, Montek October 2, 2011 / October 2, 2011 by Legal India Admin | 1 Comment on Kashmir villager sends Rs.26 to Manmohan, Montek A villager from Ramban district of Jammu and Kashmir Saturday said he has sent demand drafts of Rs.26 — the Planning Commission’s poverty line cut-off for rural areas — to Prime Minister Manmohan Singh, Finance Minister Pranab Mukherjee and the commission’s Deputy Chairman Montek Singh Ahulwalia and asked them to show how to spend […] Read more » Finance Minister Pranab Mukherjee Kashmir villager Manmohan Singh Montek Singh Ahulwalia Planning Commission Rs.26 to Manmohan Rs.26 to Montek Supreme Court
Top Law News Bill against honour killing likely in monsoon session: Girija Vyas April 6, 2011 by Legal India Admin | Leave a Comment The bill against honour killing is likely to be introduced in the monsoon session of parliament in July, outgoing chairperson of the National Commission for Women (NCW) Girija Vyas said Wednesday. ‘I believe the bill will be introduced in the monsoon session. With the GoM (group of ministers) approving it, there is no hitch now,’ […] Read more » bill Finance Minister Pranab Mukherjee Girija Vyas Home Minister P. Chidambaram honour killing Human Resource Development Minister kapil sibal Krishna Tirath Law Minister M. Veerappa Moily monsoon session NCW Women and Child Development Minister
Tax Law News Gulf NRIs seek exemption under new direct tax rules January 11, 2011 by Legal India Admin | 2 Comments on Gulf NRIs seek exemption under new direct tax rules The proposed changes in the new direct tax code, which makes NRIs liable to pay tax if they stay in India for over 60 days a year, has led to some distress among the Indian diaspora in the Gulf region as they tend to spend a longer time in India due to their different socio-economic […] Read more » direct tax rules Finance Minister Pranab Mukherjee