TaxTMI 
TaxTMI 
Question - What are the proposed measures in Finance Bill 2015 to promote domestic manufacturing and improving the investment climate (Make in India) ?
Measures to promote Domestic manufacturing
28 Feb 2015 
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General anti avoidance rule deferment postpones GAAR applicability and shields prior investments pending BEPS recommendations.
GAAR's substantive and procedural provisions (Chapter X A, sections 95-102, and section 144BA) are proposed to be deferred by two years so that implementation occurs as part of a comprehensive response to BEPS concerns; investments made up to a specified cutoff date are to be protected from GAAR through amendments to the relevant rules, and the legislative amendment effecting the deferment will take effect from the start of the relevant financial year. (AI Summary)
GAAR's substantive and procedural provisions (Chapter X A, sections 95-102, and section 144BA) are proposed to be deferred by two years so that implementation occurs as part of a comprehensive response to BEPS concerns; investments made up to a specified cutoff date are to be protected from GAAR through amendments to the relevant rules, and the legislative amendment effecting the deferment will take effect from the start of the relevant financial year. (AI Summary)