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India to set tax avoidance rules within 20 days-minister

NEW DELHI, Oct 1 (Reuters) - India will set final rules on tax anti-avoidance within 20 days after considering recommendations made by a government panel, Finance Minister P. Chidambaram said on Monday.

The panel was set up by Prime Minister Manmohan Singh to examine controversial laws known as general anti-avoidance rules (GAAR), first proposed in the federal budget in March, that target firms and investors routing money through tax havens.

In a previous draft report, the panel had recommended that the GAAR rules be deferred for three years.

(Reporting by Manoj Kumar and Arup Roychoudhury)


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Keywords: INDIA TAX/