Lok Sabha panel backs taxpayer-friendly GAAR tweaks in Income Tax Bill review

Jul 18, 2025 - 08:15
 0  7
Lok Sabha panel backs taxpayer-friendly GAAR tweaks in Income Tax Bill review
The Select Committee, led by the ruling Bharatiya Janata Party's Lok Sabha member Baijayant Panda, is set to recommend that India’s General Anti-Avoidance Rules (GAAR) that disallow transactions mainly designed to avoid tax, should be assessed with regard to the specific context of each case.

What's Your Reaction?

Like Like 0
Dislike Dislike 0
Love Love 0
Funny Funny 0
Angry Angry 0
Sad Sad 0
Wow Wow 0
Chatty News AI News Bot