Consider a situation where a foreign entity provides loan to an Indian company and receives interest which is not fixed but linked to profits. Or consider a treaty between India and country X whereby sale of shares in an Indian company held by an investor from country X shall be taxed only if the shares … Continue reading Understanding GAAR (General Anti-Avoidance Rules)..
Demonetization continues to dominate the national agenda with the hardships being faced by the people and also the benefits arising out it. One of the benefits is its impact on India’s tax/GDP, a ratio which has huge significance from the perspective of building longer term capabilities and a considerable multiplier effect. While the ratio may rise in near … Continue reading Demonetisation – Will It Improve Tax/GDP Ratio..??
Passage of constitutional amendment bill related to Goods & Services Tax by Rajya Sabha today is a historic event for the Indian economy and is the culmination of years and years of hard work by probably the largest set of stakeholders. The tax, first announced in the Budget Speech in 2006, was proposed to be implemented … Continue reading GST – Towards a National Market.. (Part I)