tax avoidance

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    Investment Tax Exemption: GAAR No Longer Applies to Pre-2017 Transfers

    New Delhi, April 1 – The Income Tax Department has explicitly excluded income arising from the transfer of investments made before April 1, 2017, from the scope of the General Anti-Avoidance Rules (GAAR), thereby resolving a long-standing industry concern regarding retrospective applicability...
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    ‘Lagaan’ Cast Shared a Spiritual Tradition: Aamir Khan on Gayatri Mantra

    Mumbai, March 13 Before the cameras rolled on the sets of "Lagaan," the film's cast would start each day with the Gayatri Mantra, said superstar Aamir Khan on Friday, adding that this daily ritual fostered a sense of discipline and focus within the team.The period sports drama film, which...
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    Business Chambers Urge Tax Reform in Pakistan

    New Delhi, March 3 – Pakistan’s high tax regime is stifling the formal economy, particularly industrial businesses, yet there seems to be no realization within the Federal Board of Revenue (FBR), which continues to extract heavily from the top 1 per cent of the population, according to an...
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