ICMAI RVO Journal June 2021 (Controversies around valuation of shares under income-tax)- English

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.

Global Minimum Tax: Journey so far and impact on India (Taxmann) 130721

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

ICSI Newsletter- April 2021: Governance Professional – Leading the way

A brief note on the role of Corporate Governance in professionalism, its impact and consequences and the impact of the changes made in governance in today's scenario. Download

Union Budget 2021-22 - Board for Advance Rulings and Tax Certainty -20210304.

Budget 2021 has proposed to replace Authority for Advance Rulings (AAR) with Board for Advance Rulings (BAR). In this article we have analysed how far BAR will be useful for taxpayers. Download

FTC to Japanese expatriates for FY 2020-21 (Covid period)

Will taxes paid in Japan by Japanese expatriates due to extended stay in Japan forced by Covid-19 be available for credit in India? – An analysis in view of recent court ruling. Download

Immediate Responses by Income Tax Administration to COVID-19: A Comparative Study

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. Download

APA Programme – progress so far – article 20191218

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. Download

MLI- Impact on India -Japan tax treaty _ENJP - Final

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... Download

Insolvency and Bankruptcy Code (IBC) – Boon in debt recovery

This presentation explains the provisions of the IBC and how to use them for recovery of outstanding debt Download


A brief note on the benefits of the Micro, Small and Medium Enterprises Development Act, 2006 (“MSME Act”) and how to get benefits out of it. Download

Note on SBO Rules

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-compliance Download