'GAAR will override bilateral tax treaties'
General Anti Avoidance Rules (GAAR) will override bilateral tax treaties like Double Tax Avoidance Agreement (DTAA), Revenue Secretary Hasmukh Adhia said on Wednesday. GAAR was introduced in the 2012-13 budget but will come into force from April 1, 2017. Earlier on Tuesday, India signed a pact with Mauritius to amend the DTAA to tax capital gains from alienation of assets.\n