Profit

GAAR deferment a positive step, retrospective taxation a bad idea: Shankar Acharya

PUBLISHED ON: May 9, 2012 | Duration: 10 min, 59 sec

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The General Anti Avoidance Rules (GAAR) will be deferred by one year to FY2013. Shankar Acharya, Board of Governors, Professor at ICRIER told NDTV Profit that GAAR's deferment is a positive step. "Retrospective taxation is a bad idea. Budget didn't solve the fiscal deficit concern," he said.
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