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AAR REJECTS APPLICATION FOR CAPITAL GAINS EXEMPTION ON INDIRECT TRANSFER

Shripal Lakdawala (Partner), Neha Rupani, (Senior Manager), Deloitte India

The recent Authority of Advance Ruling (AAR) in case of Tiger Global International Holdings has reignited the debate by denying capital gains exemption under...

Infrastructure investment trusts (InvITs), dividend, and the uncertainty!

Vishal Hakani (Partner) and Ketul Patel (Senior Manager), Deloitte India

In India, infrastructure investment trusts (InvITs) has already drawn noteworthy attention and investments in the past few years from some of the largest global...

Amendment in FDI policy to curb opportunistic takeovers/acquisitions of Indian companies by foreign investors

Vishal Hakani (Partner) and Neha Mehta (Senior Manager), Deloitte India

In the backdrop of the COVID-19 pandemic, the government of India ('Government') has made significant amendment in the Foreign Direct Investment (FDI) policy and...

Corporate structuring pursuant to the resolution plan under IBC

Mehul Modi (Partner), Sameer Maniar (Director), and Kapil Sanghvi (Manager) work with Deloitte India

Since the IBC has come into effect, stakeholders had been raising concerns pertaining to corporate actions (viz. further issuing of shares, merger/demerger/slump sale). If...

Principal purpose test under MLIs: what it changes for the tax treaties worldwide

Aditya Narwekar - Partner, Deals, PwC India and Himanshu Aggarwal - Associate Director, Deals, PwC India

The MLI is effective from 1 April 2020 for India's Double Taxation Avoidance Agreements with 23 countries. This includes the anti-treaty abuse related provisions such as...

Equalisation Levy â Simplified

CA Maneet Pal Singh, Partner, I.P. Pasricha & Co.

The equalisation levy is essentially a tariff and is not based on ability to pay. The two per cent revenue tax might equates to a twenty per cent income tax if a business...

From Google Tax to E-commerce Tax

CA Janhavi Pandit

In a surprise and silent move, the Equalisation Levy provisions have been amended to include charge of levy on e-commerce operators like Amazon, Netflix, Ali baba. This...

Profits of Overseas entities & Whimsical tax issues

CA Maneet Pal Singh, Partner, I.P. Pasricha & Co

Going by the footings of Union Budget 2020, the Tax department has started questioning the subsidiaries of various MNCs in order to ascertain if they have foreign...

Critical Analysis of Section 12A of the Insolvency and Bankruptcy Code, 2016

Soumitra Lahiri, M. Com, FCA, CMILT, PhD and Insolvency Professional

Section 12A of Insolvency and Bankruptcy Code read with Regulation 30A of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons)...

UNDERLINE FACTS BEHIND AMENDMENT OF MINIMUM AMOUNT OF DEFAULT UNDER IBC

Soumitra Lahiri, M. Com, FCA, CMILT, PhD and Insolvency Professional

In March 2020 section 4 of Insolvency and Bankruptcy Code, 2016 was amended and the minimum amount of default required to initiate CIRP was raised from Rs. 1.00 Lakh to Rs....