MCQOPTIONS
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| 1. |
Which of the statements given below is/are correct?1. In India, the provisions of General Anti-Avoidance Rule (GAAR) will be implemented with effect from 1 April 2015.2. The provisions of GAAR were aimed at checking tax avoidance by overseas investors.Select the correct answer using the code given below: |
| A. | 1 only |
| B. | 2 only |
| C. | Both 1 and 2 |
| D. | Neither 1 nor 2 |
| Answer» C. Both 1 and 2 | |