With respect to issue of shares by closely held companies' section 56(2)(viib) of the Income-tax Act, 1961 mandates valuation of shares either by DCF method or NAV method.
In this article we have discussed the powers of tax officer to change the method of valuation which has been adopted by companies.
We have further discussed whether under the DCF method the officer has powers to change the projected financials with the actual performance of the company. We have critically analysed these issues in view of plethora of judgements.
The way Multinational Enterprises (MNEs) operates and manage their taxes is going to change drastically as 131 countries have agreed to levy Global Minimum Tax (GMT) of 15% on MNEs. In this published article we have discussed all about GMT and its possible impacts on India.Download
In this article published by Taxsutra the GSAP partners have listed out the comparative analysis of taxation related measures taken by Indian and other Governments in view of COVID-19 and what else Indian Government can do.
CBDT published third Annual Report (2018-19) of the Indian APA programme in November 2019. In this article the Authors have presented their views on the progress of APA Programme so far in India.
In November 2016, over 100 countries concluded negotiations on the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting ("Multilateral Instrument" or "MLI") that will swiftly implement a series of tax treaty measures to update international...
A detailed note on the recently introduced the Companies (Significant Beneficial Owners) Rules, 2018 (“SBO Rules”). In this note, we have discussed the relevant provisions of the SBO Rules, filing requirements and penal consequences of non-complianceDownload