Corporates can take a relook at their 'acceptable' tax planning

Once introduced, GAAR is perceived to play a villainous role at the debut stage; the facility of obtaining advance ruling on applicability of GAAR provisions should be a respite and go a long way in reducing uncertainty before undertaking any cross-border transactions.

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Bibliographic Details
Published inFinancial Express
Main Author Chugh, Rajiv
Format Newspaper Article
LanguageEnglish
Published New Delhi Athena Information Solutions Pvt. Ltd 11.05.2012
Subjects
Court decisions
Multinational corporations
Substance over form
Tax avoidance
Tax planning
Treaties
Mauritius
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Summary:Once introduced, GAAR is perceived to play a villainous role at the debut stage; the facility of obtaining advance ruling on applicability of GAAR provisions should be a respite and go a long way in reducing uncertainty before undertaking any cross-border transactions.