Q:Hi, Our government is yet to decide on whether the controversial general anti-avoidance tax law GAAR should be implemented as scheduled and has enough time to review that.
Latest Answer: Hi Vasanth,
The government had earlier proposed imposing the General Anti-Avoidance Rules (GAAR) from April 1, 2015, for those claiming tax benefit of over Rs 3 crore. The rules are aimed at minimising tax avoidance for investments made by entities based in tax havens.
