GAAR GAAR or General Anti Avoidance Rules is a concept which generally empowers the Revenue Authorities in a country to deny the tax benefits of transactions or arrangements which do not have any commercial substance or consideration, other than achieving the tax benefit. Whenever revenue authorities question such transactions, there is a conflict with the […]

12th Five year Plan The first five-year plan (1951-1956) was presented to the Parliament of India by the then first Indian Prime Minister, Jawaharlal Nehru. The Five year Plans play an important role in the Indian Economy. These are a set of plans which are laid down and its proper implementation and execution results in […]