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of <h1>Expert Committee Expands GAAR Scope to Include Non-Resident Asset Taxation, Recommendations Due by September 30, 2012.</h1> An Expert Committee on General Anti Avoidance Rules (GAAR) has been established to engage in stakeholder consultations and finalize GAAR guidelines. The scope of the committee's terms of reference has been expanded to include examining the applicability of amendments concerning the taxation of non-resident asset transfers, specifically where the underlying asset is located in India. The committee is tasked with analyzing this issue for all non-resident taxpayers and is required to submit its recommendations to the government by September 30, 2012.
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