Gaar

Tax planning 461 views 1 replies

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

.

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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