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


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