state gov APPSC (ఆంధ్రప్రదేశ్) Group 2 (Pre + Mains) Mock Test 2023 Current Affairs Business and Economy
Consider the following statements regarding the General Anti-Avoidance Rule (GAAR):
1. GAAR aims to prevent tax avoidance strategies that exploit gaps and ambiguities in tax laws.
2. The scheme is administered by the Ministry of Commerce in India.
3. India is the first country to implement GAAR.
How many of the statements given above is/are correct?
1
Only one
2
Only two
3
All three
4
None