The fate of DTC had always been under a question. However, on account of continuous action from the government and the constitution of the task force to draft a new legislation, one can expect DTL to be enacted.... More
Direct Tax Code-What to Expect Namrata Arora, Sr Mgr, Sagar Chaturvedi, Assistant Mgr, Deloitte Haskins and Sells LLP
The AAR has recently released two contrasting rulings, one where it upheld the eligibility to the Treaty benefit and granted exemption from capital gains tax to a Mauritian resident on capital gains arising fro.... More
Assessing the efficacy of grandfathering relief under India-Mauritius Tax Treaty Daksha Baxi, Executive Dir, Ankit Namdeo, Associate, International Tax Practice at Khaitan & Co, Mumbai
With globalisation, the trend of cross border transactions has accelerated. The Central Government has paved the way for cross border mergers to increase foreign direct investment and provide Indian companies a.... More
Cross Border Mergers in India: A Step Towards Globalisation Falguni Shah, M&A Tax Partner, PwC India
To ensure effective compliance with the various GST provisions and to ensure performance of audits in a systematic, transparent and fair manner, audit provisions have been incorporated under the GST Acts(s)/Rul.... More
Audit Under GST Regime CA. Ashok Batra, B.Com (Hons), FCA, LL.B
The basic corner stone of the GST law excludes alcoholic liquor for human consumption.... More
Taxation of Extra Neutral Alcohol: An unresolved raw material for Alcoholic Beverages Industry Mr. M. S. Mani, Sr Dir, Ms. Meenakshi Krishnamurthy, Mgr, Deloitte India
In order to provide much needed relief to various banks and MNCs on account of transactions between their Indian BO and foreign HO, some clarification to resolve the aforesaid ambiguity is expected from the Gov.... More
Awaited IGST relief in case of Indian Branch & Foreign Head Office transactions Anjlika Chopra, Senior Director, Deloitte India