• Reasoning Ability - Verbal & Critical Reasoning
Question

Government has announced that the General Anti Avoidance Rule (GAAR) will be effective from the 1 April, 2017.
I.India will be the 1st nation in the world to have laws that aim to close tax loopholes.  
II.It will prevent companies from routing transactions through other countries to avoid taxes. 

  • A) If only course of action I follows
  • B) If only course of action II follows
  • C) If either course of action I or II follows.
  • D) If neither course of action I nor II follows.
  • E) If both course of action I and II follow.
Solution

Answer – A:  If only course of action I follows

Answer – A:  If only course of action I follows
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