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GAAR refers to General Anti-Avoidance Rules, which are  introduced in tax laws, to catch all schemes for tax avoidance in general. Unlike SAAR, GAAR is intended to apply to all types of transactions and arrangements, all types of taxpayers, all types of taxes on various income. Since they are general in nature and can have wide application due to different interpretation by tax officers and taxpayers, the GAAR rules, needs to be drafted carefully, else  they can promote a lot of tax uncertainty for taxpayers.

Overview of Indian General Anti Avoidance Rule (GAAR) Provisions

GENERAL ANTI AVOIDANCE RULE (GAAR) PROVISIONS

 

Arinjay Jain

Bio of author

Arinjay is a Chartered Accountant with more than 20 years of post-qualification experience. He worked as Director, in the M&A Tax Division at KPMG in India. Presently, he is advising several MNCs in UAE on Economic Substance Regulations and impact of the UAE Corporate Tax Law on their business and clients across globe on International Tax issues . He is a well recognised Trainer of International Tax and UAE Corporate Tax. The areas of service include the following : - Advise and Compliance relating to International Tax Issues; Advise relating to UAE Corporate Tax Issues; Advise and Compliance relating to UAE Economic Substance Regulations; Advise and Compliance relating to Indian Income Tax Issues; Other connected matters from a Regulatory perspective.

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