The provisions of Chapter X-A of the Income-tax Act, 1961, which prescribe General Anti-Avoidance Rules (‘GAAR’), have been made applicable to all transactions entered into on and from 1st April 2017. The provisions are complicated and are likely to lead to numerous controversies and litigation between the taxpayer and the income-tax department. CA Paras Dawar has explained the salient aspects of the legal provisions in a simple and easy-to-understand format
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Tag: Finance Act 2017
Understanding General Anti-Avoidance Rules (‘GAAR’): Part 1
Tagged with: 1961, CA Paras Dawar, Finance Act 2017, GAAR, General Anti-Avoidance Rules, Income-tax Act
Surgical Strike On Cash Transactions (Analysis Of Sections 269ST & 271DA Of The Income-tax Act, 1961)
The numerous amendments made by the Finance Act 2017 to curb the usage of cash in business transactions has serious implications for taxpayers. CA Jyoti Gupta has conducted a systematic analysis of these provisions with special emphasis on sections 269ST and 271DA and explained all of their nuances
Tagged with: 1961, CA Jyoti Gupta, Cash Transactions, Finance Act 2017, Income-tax Act, sections 269ST and 271DA