Clarifications to the Finance Bill 2012
Published on:
May 8, 2012
Committee:
SIFMA, as part of a coalition, provides comments to India’s Ministry of Finance requesting clarifications to the Finance Bill 2012. The Coalition welcomes the statement by India’s Finance Minister before the Parliament regarding the Finance Bill 2012, particularly the proposed amendments to the General Anti-Avoidance Rule (GAAR) and the valuable opportunity for further deliberation and discussion regarding those provisions. Despite these welcome steps on the GAAR, the associations have a number of remaining questions regarding the pending tax measures and urge clarifications to the Finance Bill 2012 tax provision.