Gaar (General Anti Avoidance Rules) :
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General Anti Avoidance Rules: GAAR
It was introduced in India due to the VODAFONE case ruling in favour of this company by the Supreme Court.
Gaar Implications in India:
Indian Government is trying to give power to the income tax authorities as the implementation of GAAR provides tremendous power to deny tax benefit to an entity if a transaction has been carried with the sole intention of tax avoidance.
Litigations are increased.
FDI & FII money coming to India through mauritius route will now become taxable.
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| ACTION on GAAR |
Why FII's fear GAAR....,?
PM presses ACTION Buttion.
Click here for COMPLETE ANSWER.
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