⭐ Important points (exam-critical)
- ⭐Multilateral Instrument (MLI) modifies existing treaties — Principal Purpose Test (PPT) introduced.
- ⭐GAAR (Sec 95-102) — invokes anti-avoidance for arrangements lacking commercial substance.
- ⭐Equalization Levy: 2% on e-commerce operators (non-resident) for specified supplies.
- ⭐BEPS Action Plans — significant 2024 updates (Pillar 1 & Pillar 2 global minimum tax 15%).
Want more depth on important points?
Make it click