https://www.taxtmi.com/news?id=12162 CBDT measures to improve efficiency, equity and voluntary compliance include advance pricing agreements and safe harbour rules for transfer pricing, introduction of GAAR for aggressive tax planning, expanded technology-driven information collection and centralized processing, and widened withholding and disclosure obligations such as TDS on high-value property transfers and mandatory foreign asset reporting. The regime also tightened taxation of unexplained credits, strengthened penalty and prosecution mechanisms, introduced commodities transaction tax, provided concessional tax treatments to attract investment and securitisation, and contemplated reforms via the Direct Taxes Code and Benami Transactions Bills. en-us Fri, 20 Dec 2013 17:35:12 +0530 Fri, 20 Dec 2013 17:35:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=12162 CBDT measures to improve efficiency, equity and voluntary compliance include advance pricing agreements and safe harbour rules for transfer pricing, introduction of GAAR for aggressive tax planning, expanded technology-driven information collection and centralized processing, and widened withholding and disclosure obligations such as TDS on high-value property transfers and mandatory foreign asset reporting. The regime also tightened taxation of unexplained credits, strengthened penalty and prosecution mechanisms, introduced commodities transaction tax, provided concessional tax treatments to attract investment and securitisation, and contemplated reforms via the Direct Taxes Code and Benami Transactions Bills. News - Fri, 20 Dec 2013 17:35:12 +0530 https://www.taxtmi.com/news?id=12162