https://www.taxtmi.com/news?id=3679 Guidance for tax professionals to avoid promoter penalty exposure by providing balanced, independent tax planning: identify accurate material facts, robustly analyse legal authorities including anti avoidance rules, and refrain from facilitating or advocating tax avoidance schemes. Practitioners must manage staff conduct, reconsider relationships with high risk clients, recognise scheme indicators such as contrived transactions and complex intra group fund movements, report suspected schemes or promoters, and encourage voluntary disclosure; the tax authority may permit confidential undertakings or self correction and reserves court action for serious ongoing conduct. en-us Sat, 25 Aug 2012 13:33:42 +0530 Sat, 25 Aug 2012 13:33:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=3679 Guidance for tax professionals to avoid promoter penalty exposure by providing balanced, independent tax planning: identify accurate material facts, robustly analyse legal authorities including anti avoidance rules, and refrain from facilitating or advocating tax avoidance schemes. Practitioners must manage staff conduct, reconsider relationships with high risk clients, recognise scheme indicators such as contrived transactions and complex intra group fund movements, report suspected schemes or promoters, and encourage voluntary disclosure; the tax authority may permit confidential undertakings or self correction and reserves court action for serious ongoing conduct. News - Sat, 25 Aug 2012 13:33:42 +0530 https://www.taxtmi.com/news?id=3679