Question 105

Indian Government is planning to introduce GAAR. What is the purpose of GAAR?

Solution

GAAR stands for General anti-avoidance rule. The rule was established under chapter X-A of Income tax act, 1961. The rule was enacted to curtail tax avoidance. Therefore, option E is the right answer.

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Indian Government is planning to introduce GAAR. What is the purpose of GAAR?

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