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Union Budget 2015: Apply GAAR prospectively, say experts

The 2012 Budget had brought terms such as "retrospective taxation" and "GAAR" - short for General Anti Avoidance Rules - to daily discourse, much to the displeasure of global investors. Three years hence, the call for reigning in these provisions has reached a crescendo with high hopes from the "Make in India" Budget 2015, reports Ashmit Kumar.

first published: Feb 5, 2015 10:07 pm

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