Modified Provisions of General Anti-Avoidance Rules(GAAR) to Come into Effect from 1ST April, 2016

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....odified Provisions of General Anti-Avoidance Rules(GAAR) to Come into Effect from 1ST April, 2016 <br>Budget<br>Dated:- 28-2-2013<br><BR>The Finance Bill 2013 proposes to bring the modified provisions....

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.... of General Anti-Avoidance Rules (GAAR) into effect from 1.4.2016. Presenting the Union Budget in the Lok Sabha today, the Finance Minister Shri P.Chidambaram said that Finance Act 2012 introduced GAA....

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....R. A number of representations were received against the new provisions. An expert committee was constituted to consult stakeholders and finalise the GAAR guidelines. Shri Chidambaram said after care....

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....ful consideration of the report, the Government announced certain decisions on 14.1.2013 which were widely welcomed. These decisions are now being incorporated in the Income-Tax Act. The modified prov....

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....isions preserve the basic thrust and purpose of GAAR. *** DSM/RC/nb/34 (Release ID :92749)<BR> News - Press release - PIB....