Dear All Experts of Accounts,
Recently i came to know that Govt. has introduced GAAR.
Can someone explain me what is GAAR with example.
Thanks & Regards
Arun Kumar
.
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Gaar
Replies (1)
Hi..
GAAR ( General Anti Avoidance Rule) will be applicable on income arising on or after 1 april , 2013.
I have not any more wide knowledge on this , but I think this is related with Income tax act, 1961 and not with Accounts.
You may also find today's THE HINDU newspaper front page for some information on this
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