Question: Under the General Anti - Avoidance Rule ( GAAR ) , what makes a transaction a tax avoidance transaction? A ) A tax benefit is
Under the General AntiAvoidance Rule GAAR what makes a transaction a tax avoidance transaction?
A A tax benefit is obtained through legitimate business purposes
B The primary purpose is not obtaining a tax benefit
C The transaction was undertaken primarily for bona fide business purposes
D The primary purpose is to obtain a tax benefit without business purposes
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