International tax
what is the meaning of General Anti Avoidance Rule
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| Originally posted by : Nabil | ||
 |
what is the meaning of General Anti Avoidance Rule |  |
In Indian law, GAAR is an acronym for General Anti-Avoidance Rules which are framed to minimize tax avoidance, for example by siphoning off profits to tax havens. GAAR could be termed as a general set of rules enacted to limit tax avoidance. It was proposed by the Union Budget 2012-13.
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