Income Tax Rules 2026 Amend GAAR
India amended the Income Tax Rules, 2026 under the Income Tax Act, 2025 to clarify GAAR grandfathering by excluding investments made before 1 April 2017, removing ambiguity in tax treatment. GAAR, introduced through the Finance Act, 2012 and effective from April 2017, targets aggressive tax avoidance, per Parthasarathi Shome Committee; applies when annual tax benefit exceeds ₹3 crore and arrangements lack commercial substance or abuse law.
Economic Times


