Zeebiz.com
New Delhi, July 9: Finance Ministry's committee on controversial tax proposal General Anti Avoidance Rules (GAAR) Monday decided to modify the draft guidelines by reducing the number of illustrative examples.
The next meeting of the GAAR panel, which comprises officials of the Finance Ministry and representatives of FIIs and other stakeholders, will be held on August 12 and 13.
''The GAAR committee met on Monday and discussed the examples (given in the draft guidelines)... Some examples will be reduced, some will be combined'', said a senior Finance Ministry official after the meeting.