https://www.taxtmi.com/news?id=2996 Finance Bill 2012 broadens taxable scope and anti avoidance reach by redefining property and transfer to include rights in or in relation to Indian companies and all modes of disposition, introduces a statutory GAAR, expands transfer pricing to specified domestic transactions and APAs, tightens withholding and onus provisions for share capital and non resident payments, enlarges reopening powers for overseas assets, and reforms service tax by adopting a negative list charging regime with new compliance, audit and recovery mechanisms; excise and customs rates and procedural sanctions are recalibrated across sectors. en-us Fri, 23 Mar 2012 17:12:26 +0530 Wed, 11 Feb 2026 15:56:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=2996 Finance Bill 2012 broadens taxable scope and anti avoidance reach by redefining property and transfer to include rights in or in relation to Indian companies and all modes of disposition, introduces a statutory GAAR, expands transfer pricing to specified domestic transactions and APAs, tightens withholding and onus provisions for share capital and non resident payments, enlarges reopening powers for overseas assets, and reforms service tax by adopting a negative list charging regime with new compliance, audit and recovery mechanisms; excise and customs rates and procedural sanctions are recalibrated across sectors. News - Fri, 23 Mar 2012 17:12:26 +0530 https://www.taxtmi.com/news?id=2996