Infosys CA fresher Interview Questions and Answers

GAAR stands for General Anti-Avoidance Rules, which are measures to prevent tax avoidance through abusive practices.

• GAAR is a set of rules designed to counter aggressive tax planning strategies.

• It allows tax authorities to deny tax benefits if the main purpose of a transaction is to obtain a tax benefit.

• GAAR provisions are present in many countries' tax laws to ensure fair taxation.

• Examples of abusive practices include...read more

A maser file is a file that contains information about the master data in a system.

• Maser file stores essential data that is used as a reference point for other files.

• It typically includes information such as customer details, product information, and pricing.

• Maser files are crucial for maintaining data integrity and consistency in a system.

• Examples of maser files include customer master file, product master file, and v