Parthasarathi Shome Panel

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  Government Looking at Shome Panel Report to Simplify Tax System: FM

  Finance Minister on Monday said the government is looking into the recommendations of Parthasarathi Shome committee.

• Recommendations on retro-tax laws under examination: government

  The government on Friday said it is examining recommendations of the Parthasarathi Shome panel on controversial retrospective tax laws introduced in the last Budget.

• Direct Taxes Code Bill to be tabled after noting panel recommendations: Shome

  The government will come up with a modified Direct Taxes Code (DTC) Bill after incorporating the suggestions of the standing committee on finance, which among things had suggested raising annual income tax exemption limit to Rs 3 lakh.

• Shome panel submits final report on retrospective tax amendments to Finance Minister: top 10 developments

  The Parthasarathi Shome committee on Wednesday presented its final report on retrospective tax amendments to Finance Minister P. Chidambaram, sources said. The panel has suggested, among other things, that interest and penalty be waived if tax has been applied retrospectively, as reported earlier.

• GAAR: Shome panel likely to submit final report today

  The Parthasarathi Shome panel, looking into the taxation issues relating to GAAR (General Anti-Avoidance Rules), is likely to submit its final report to Finance Minister P Chidambaram on Monday.

• Final GAAR report by 30 September, indirect transfer issue contentious: Shome

  The Parthasarathi Shome panel, looking into the taxation issues relating to GAAR (General Anti-Avoidance Rules), is likely to submit its final report by the end of the month.

• Shome panel recommends deferment of GAAR: 10 facts

  India's equity markets gained and the rupee hit over 1-week high boosted by the Shome panel proposal to defer GAAR proposals until 2016. Foreign investors, already wary about investing in India where economic growth has slowed sharply, had earlier said they are worried the laws might be misused. Analysts said the recommendations would remove uncer...

• GAAR panel extends scope to include all NRI tax payers

  Expanding the scope of the general anti-avoidance rules (GAAR), the Prime Minister-appointed panel, headed by Parthasarathi Shome on Saturday recommended including all Non-resident taxpayers into the ambit of the rules. The rules were initially applicable only to foreign institutional investors (FIIs).

• GAAR panel led by Parthasarathi Shome to submit report to FM today

  The expert panel reviewing GAAR-related proposals is likely to submit its report on the General Anti-Avoidance Rules to the government today, sources told NDTV.

• Shome panel likely to recommend no further delay in implementation of GAAR

  The expert panel reviewing GAAR-related proposals is likely to recommend no further extension when it tabled its report on Friday. The Prime Minister-appointed panel, headed by Parthasarathi Shome, will be submitting its draft recommendations to the government on Friday, after which public comments will be invited.

• Prime Minister sets up panel on GAAR

  The panel will be headed by tax expert Parthasarathi Shome and will submit its report on 30 September.