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Budget 2021 - Business transfers to attract higher tax bill

Shripal Lakdawala (Partner), Pushkar Khire (Director), and Ankit Panchal (Manager), Deloitte India

The bold reforms introduced in Finance Budget, 2021 (‘Budget 2021’) by the Finance Minister sought to address expectations from all segments of the economy, be it...

Firming up on Taxation of Firms

D.V. Manohar (Partner) and Pawankumar Kulkarni (Senior Manager), Deloitte India

Several amendments to the Income tax Act, 1961 ("Act") were introduced through Finance Act, 2021 to rationalise the extant provisions. Some of these amendments relate to...

Recent FDI amendments in the Insurance sector

Vishal Agarwal (Partner) and Apurva Javeri (Director), Deloitte India

The insurance industry in India has been growing dynamically and it is expected to reach an overall market size of US$ 280 billion by 2023. The measure of insurance...

Use of shares with Differential Voting Rights for retaining control by promoters

D.V. Manohar (Partner), Rohit Kumar S (Director), Hina Gupta (Manager) Deloitte India

Differential Voting Right (‘DVR’) shares in a company means those shares that give the holder of the shares differential rights as to voting, dividend or otherwise.

Significant Economic Presence for taxing business income is operationalised by the Central Board of Direct Taxes

Daksha Baxi and Surajkumar Shetty

In line with addressing tax leakage from growing digital transactions, India has expanded the scope of significant economic presence test for taxing non-residents on their...

Contingent consideration in structured deals-Stakeholders seek respite from the legacy tax battle

Rahul Vig, (Partner), Raghav Malhotra (Director), Nikita Goyal (Manager), Deloitte India

In contemporary times, where growth is the key to existence, M&A transactions demand strategic architecture feasible for transacting with parties across the table....

Budget 2021 Regulatory Reforms to provide impetus to "Ease of Doing Business in India"

Sameer Maniar, Director and Mehul Modi, Partner with Deloitte India

The Finance Minister presented the Union Budget for the financial year (FY) 2021-22 on 1 February 2021. The circumstances under which the Budget was presented offers many...

Union Budget 2021-What's in store for M&A

Shripal Lakdawala, Partner and Madhvi Jajoo, Sr. Manager, Deloitte India

Union Budget 2021 can be described as a historic event as it has been presented during the one of the most challenging times faced by mankind. It certainly was a tight rope...

Importance of settled law reinforced by NCLAT

Parthiv Kamdar (Partner) and Vishal Yeole (Senior Manager), Deloitte India

Recently, the National Company Law Appellate Tribunal (NCLAT) in the matter of Ambuja Cements Limited (Transferee Company) held that a precedent law must be followed while...

Re-domiciliation from a tax lens

Deepa Dalal (Partner) and Vinit Desai (Director), Deloitte India

The term ‘domicile’ has not been defined under the Indian tax law or under the tax treaties. The Advanced Law Lexicon Volume 2 (pg.1514-1516) defines the term ‘domicile’ to...