UPSC CURRENT AFFAIRS | GAAR PROBE BEGINS ON COMPANIES SUSPECTED OF TAX AVOIDANCE | 1ST JUNE | INDIAN EXPRESS
SYLLABUS SECTION: GS III (ECONOMY) WHY IN THE NEWS? Recently, the Department of Revenue launched investigations under GAAR PROBE into companies and entities that may have used creative methods to avoid paying taxes. General Anti-avoidance Rule (GAAR) It is an anti-tax avoidance law in India but to curb tax evasion and avoid tax leaks. Basically, …
