FM Jaitley likely to defer GAAR for 1 more year
Finance minister Arun Jaitley is likely to defer GAAR (General Anti-Avoidance Rules) by 1 more year in Union Budget as provisions of GAAR and SAAR (Specific Anti-Avoidance Rules) are required to be realigned. GAAR was to be applicable from April 1, 2016.
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