GAAR (General Anti-Avoidance Rules)

Tax Glossary Definition

GAAR (General Anti-Avoidance Rules)

GAAR (General Anti-Avoidance Rules) – A set of rules under the Income Tax Act designed to prevent arrangements or transactions that are primarily aimed at avoiding taxes and lack genuine commercial substance, allowing tax authorities to deny tax benefits.

Example: If a shell company is set up solely to route income abroad and evade tax, GAAR provisions may be invoked.

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