Tag Archives: General Anti Avoidance Rule

GAAR -16 FAQ on GAAR- Circular issued by CBDT for Clarifications

By | January 28, 2017

 FAQ on GAAR 16 FAQ on GAAR i.e Frequently Asked question on GAAR has been issued by CBDT as per following circular Circular No 7 of 2017 F.No 500/43/2016-FT & TR -IV Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Dated 27.01.2017 Clarifications on Implement ion of GAAR Provisions… Read More »

GAAR provisions of Income Tax- implementation in India -CBDT Clarify

By | January 27, 2017

Clarifications on implementation of GAAR provisions under the Income Tax Act, 1961 Source Ministry of Finance , 27-January, 2017 The General Anti Avoidance Rule (GAAR) provisions shall be effective from the Assessment Year 2018-19 onwards, i.e. Financial Year 2017-18 onwards.  The necessary procedures for application of GAAR and conditions under which it shall not apply, have been enumerated… Read More »

General Anti Avoidance Rule (GAAR) Implementation

By | April 29, 2016

Implementation of General Anti Avoidance Rule (GAAR) The Government is committed to implement General Anti Avoidance Rule (GAAR) in the country from the next financial year. The commitment of the Government to implement GAAR from 1.4.2017, i.e., Assessment Year 2018-19 relevant to the Financial Year 2017-18, is also reflected in the Budget Speech 2016 delivered… Read More »