TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>GAAR Exemption: No Application for Tax Benefits Under 3 Crore, Pre-2017 Investments, and Certain FIIs.</h1> The General Anti Avoidance Rule (GAAR) under Chapter X-A of the Income-tax Rules, 1962, does not apply in certain cases. These include arrangements where the tax benefit does not exceed three crore rupees, certain Foreign Institutional Investors (FIIs) who have not benefited from specific agreements and have invested in securities with regulatory approval, non-residents investing in FIIs via offshore derivatives, and income from investments made before April 1, 2017. However, GAAR applies to arrangements yielding tax benefits from April 1, 2017, onwards. Definitions for terms like 'Foreign Institutional Investor' and 'tax benefit' are provided within the rule.
TaxTMI 
TaxTMI 
