Purpose of GAAR
XAT 2013 · General Knowledge · Easy · Taxation
Indian Government is planning to introduce GAAR. What is the purpose of GAAR?
- A.
Increase rural Income
- B.
Increase agriculture income
- C.
Regulatory authority for managingagriculture resources
- D.
Regulate foreign investment in agriculture
- E.
Curtail tax avoidance
Answer
E
Explanation
GAAR stands for General Anti-Avoidance Rule, enacted to curtail tax avoidance.
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