The GAAR is here, but the show must go on

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The GAAR is here, but the show must go on

India’s general anti-avoidance rule (GAAR) became effective on April 1, but opinion is divided over whether the measure will be successful in countering the worst examples of tax avoidance, or whether honest taxpayers will have their affairs unduly scrutinised. Matthew Gilleard investigates how taxpayers will cope.

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