CBDT begins consultations with stakeholders on GAAR

Clarifies on Foreign Account Tax Compliance Act, Common Reporting Standards

Getting ready to roll out the General Anti-Avoidance Rules (GAAR) from April next year, the Finance Ministry on Friday initiated the consultation process for the anti-evasion regime and asked stakeholders to send in their doubts based on which, it would issue detailed clarifications.

“Several stakeholders and industry

FULL ARTICLE http://www.thehindubusinessline.com/economy/cbdt-clarifies-on-fatca-crs/article8655009.ece

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