The introduction of GAAR makes it feasible for the revenue authorities to address the real nature of transactions carried out for tax avoidance.

For taxpayers, it is imperative to examine their existing arrangements and proposed arrangements to evaluate if these may be considered as impermissible avoidance arrangement and thereby prone to consequences provided in the GAAR provisions.

Our experienced team members are equipped with expert knowledge to conduct a detailed analysis of transactions and agreements that will help the management in making this decision. This exercise may also help the management to take corrective actions to mitigate any exposure.