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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.

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....TT 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. <br>News and Press Release<br>Dated:- 16-3....

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....-2012<br><BR>Press Information Bureau Government of India Ministry of Finance 16-March-2012 13:45 IST STT Proposed to be Reduced by 20 Per Cent GAAR PANEL Mooted to Counter Aggressive Tax Avoidan....

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....ce Schemes Levy of Alternate Minimum Tax Proposed to be Extended In the General Budget 2012-13presented by theUnion Finance Minister ShriPranab Mukherjeein LokSabha here today, it has been proposed ....

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....to reduce the Securities Transaction Tax (STT) on cash delivery transactions by 20 per cent, from 0.125 per cent to 0.1 per cent, in order to reduce transaction costs in the capital markets. In order....

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.... to moderate the outgo on profit linked deductions, it has been proposed to extend the levy of Alternate Minimum Tax (AMT) on all persons other than companies, claiming profit linked deduction. The F....

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....inance Minister, Shri Mukherjee has also proposed to introduce a General Anti Avoidance Rule (GAAR) in order to counter aggressive tax avoidance schemes, while ensuring that it is used only in appropr....

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....iate cases, by enabling a review by a GAAR panel. *** DSM/AG/DB/33<BR> News - Press release - PIB....