Tag Archives: GAAR

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

 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

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 »

GAAR ; Govt invites comments

Ministry of Finance 27-May, 2016 Government Invites Comments and Inputs of the Stakeholders on Implementation of General Anti Avoidance Rule Provisions-Issuance of Guidance Note The provisions of General Anti Avoidance Rule (GAAR) are contained in Chapter X-A of the Income-tax Act, 1961 (the Act). The GAAR provisions shall be effective from assessment year 2018-19 onwards,… Read More »