Pranay Bhatia
Others
What fund managers need to know about FATCA
The U.S. Foreign Account Tax Compliance Act (“FATCA”) is becoming a reality. Fund managers around the world over are facing ......
Infrastructure
Landmark Decision: Vodafone Must Pay Tax On Hutch Buy
In the case of Vodafone International Holdings B.V (‘Assessee’), the Bombay High Court (‘High Court’) has held that the Indian ......
General
Foreign PE Deputes to India Not to Create Taxable Presence Now
Deputation of employees from foreign companies to Indian companies does not create permanent establishment or a taxable presence in India ......
General
Valuation of Moveable Property — Another Straight Jacketed Approach
As detailed in our earlier article, the Union Budget 2010 had proposed amendments to the Income-tax Act, 1961 (‘the Act’) ......
Infrastructure
Joint & Several Liability Under A Contract Cannot Be Taxed As An AOP
In a recent ruling in the case of Hyundai Rotem Korea and Mitsubishi Co Japan1 (together referred to as ‘Applicants’), the ......
General
Controlled Foreign Companies Taxation Regime in India
Recent news reports indicate that India’s tax legislators propose to introduce Controlled Foreign Company (‘CFC’) regime under Indian income-tax law. ......
General
Management Fees — Are These Tax Deductible?
The Indian Income tax laws exempt income of a SEBI registered Domestic Venture Capital Fund (DVCF), from its investments and ......
General
FVCI Licensing and Pitfalls
Foreign investors invest in India primarily via two routes - Foreign Direct Investment (FDI), and Venture Capital (VC) Investment. India ......
General
The Limited Liability Partnerships — Roadmap For Taxation Introduced
Limited Liability Partnership (‘LLP’) is a form of business structure which combines best elements of the partnership and corporate structures ......