Final General Anti-Avoidance Rules (GAAR) in 10 days

The Government may announce the final General Anti-Avoidance Rules (GAAR) within the next 10 days. A decision has been taken on GAAR. The draft has been sent to the Prime Minister. Hopefully, the decision will be made public in the next 7-10 days. The final rules are expected to be based on the recommendations made by the Shome Committee in its draft report. The draft report was submitted on September 1. The committee suggested delaying implementation of GAAR by three years. It also advised

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