How to solve XAT 2013 Question 105?

This question can be solved by applying the core concept explained in the solution above, followed by step-by-step calculation and elimination of options.

Which concept is tested in this question?

This question tests fundamental concepts commonly asked in XAT exams.

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XAT 2013 Question 105

This is a detailed step-by-step solution for XAT 2013 Question 105. Understand the concept, common mistakes, and expert tips to solve similar questions in XAT exam.

XAT

GAAR stands for General anti-avoidance rule. The rule was established under chapter X-A of Income tax act, 1961. The rule was enacted to curtail tax avoidance. Therefore, option D is the right answer.

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