STT Proposed to be Reduced by 20 Per Cent GAAR PANEL Mooted to Counter Aggressive Tax Avoidance Schemes Levy of Alternate Minimum Tax Proposed to be Extended.

STT Proposed to be Reduced by 20 Per Cent GAAR PANEL Mooted to Counter Aggressive Tax Avoidance Schemes Levy of Alternate Minimum Tax Proposed to be Extended. https://www.taxtmi.com/news?id=2881 The budget proposes three operative measures: reducing the Securities Transaction Tax on cash delivery trades to lower capital market transaction costs; extending the Alternate Minimum Tax to all persons except companies claiming profit linked deductions to curb erosion of the tax base from preferential deductions; and introducing a General Anti Avoidance Rule to counter aggressive tax avoidance schemes, with application subject to review by a GAAR panel to ensure use only in appropriate cases. en-us Fri, 16 Mar 2012 13:24:05 +0530 Fri, 16 Mar 2012 13:24:05 +0530 TaxTMI RSS Generator STT Proposed to be Reduced by 20 Per Cent GAAR PANEL Mooted to Counter Aggressive Tax Avoidance Schemes Levy of Alternate Minimum Tax Proposed to be Extended. https://www.taxtmi.com/news?id=2881 The budget proposes three operative measures: reducing the Securities Transaction Tax on cash delivery trades to lower capital market transaction costs; extending the Alternate Minimum Tax to all persons except companies claiming profit linked deductions to curb erosion of the tax base from preferential deductions; and introducing a General Anti Avoidance Rule to counter aggressive tax avoidance schemes, with application subject to review by a GAAR panel to ensure use only in appropriate cases. News - Fri, 16 Mar 2012 13:24:05 +0530 https://www.taxtmi.com/news?id=2881