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