Govt to implement GAAR from April 2017: Jaitley
While presenting the Union Budget on Monday, Finance Minister Arun Jaitley said that the government is committed to implementing the General Anti-Avoidance Rules (GAAR) from April 1, 2017. The rules are aimed at minimising tax avoidance for investments made by entities based in tax havens. The GAAR was proposed in 2012 and was planned to be implemented from April 2015.