Parthasarathi Shome

Budget 2013: Dear FM, Indians aren't undertaxed; govt is a wastrel

Facing a huge budget deficit, the FM may resort to higher taxes. But our problem is we already pay a lot, but the money garnered is wasted

Don't use anti-tax avoidance measures to raise revenue: Shome

Anti-tax avoidance measures like GAAR should be used sparingly and not to raise revenue for the government, said Parthasarathi Shome who heads the government committees on taxation matters.

Shome panel for waiving interest, penalty in retro tax

The Shome panel said that retrospective amendment of tax laws should occur in exceptional or rarest of rare cases.

India needs to apply GAAR provisions intelligently: Shome

The provisions of GAAR should be 'intelligently' applied, said the Chairman of Expert committee, Parthasarathi Shome, after submitting the draft report to Finance Ministry.

PM panel on GAAR begins consultation process

Prime Minister-appointed panel on GAAR has begun consultations with the stakeholders to fine tune and bring greater clarity in the draft norms, the chairman of the committee Parthasarathi Shome said.