Provision of the Companies Act, 2013 regarding Significant Beneficial Owner
In this article we have briefly discussed the amended Significant Beneficial Owners Rules of 2019, its applicability and filing requirements. Download
Digitising Corporate Governance using Blockchain
In this article we have discussed the usage of blockchain and other digital means in corporate governance. Download
ICAI Virtual International Conference 20-22 January 2022
GSAP article published by the ICAI on international efforts for efficient taxation system in view of growing digital cross border transactions. Download
GSAP News Alert – India Budget 2022
CBDT has issued a circular clarifying its interpretation of the MFN clauses of the tax treaties. In this article we carried out an impact analysis of this circular in view of judicial pronouncements. Download
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. Download
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
