Confusion cleared on GAAR
28 Feb 2015
U R Bhat, managing director, Dalton Capital: GAAR deferral is a positive relief. Government wants to be sure that foreign investors don't run away from India. There should be no confusion prevailing on this now.
"It should provide some stability on perception of India's tax policies. I think there would be a comprehensive review of everything before government actually plans to move to GAAR.