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Direct Tax Code India 01

Direct Tax Code India 01

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Published by: Suresh Chandrashekhar Mishra on Sep 13, 2010
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10/31/2011

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•General Anti-avoidance Rules (“GAAR”) introduced

•Sweeping discretionary powers to treat an arrangement
impermissible

•Impermissible arrangements may be disregarded or re-
characterised

•Onus on taxpayer to demonstrate purpose of the arrangement
•obtaining tax benefit should not be the main purpose

Slide 8

PricewaterhouseCoopers

Aug, 2009

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