Going beyond the roll-out of the Goods and Services Tax (GST), experts share insights on some key tax and regulatory changes that corporate India will have to prepare for in the new financial year. General anti-avoidance rule (GAAR) Change: GAAR kicks in from April 1. It gives wide powers to tax authorities to disregard transactions or re-characterise income, if the transactions lack commercial substance.
- Rakesh Nangia, Managing Partner shares his views on aforementioned story for Business Standard.
- Neha Malhotra, Executive Director shares her views on GAAR raises issue of taxman’s powers for Hindu Bussiness Line.