The new joint venture will combine Dhruva's tax structuring expertise and Sanghai's experience in executing complex mergers and acquisitions, it said.
In an interview to CNBC-TV18‘s Shereen Bhan, Dinesh Kanabar of Dhruva Advisors, Harishankar Subramaniam of EY, MS Mani of Deloitte India and Pratik Jain of PWC India speak about the GST and its delay in the roll-out.
Speaking to Ramesh Damani, Member of BSE said that they do pay their share of taxes in the form Securities Transaction Tax.
The proposed amendment is likely to increase the tax rate from 30 percent to close to 60 percent. The I-T department has also proposed to add powers to confiscate and prosecute.
Senior journalist Arun Giri caught up with Dinesh Kanabar of Dhruva Advisors who believes that the goods and services tax (GST) will be aided by the demonetisation scheme.
The Goods and Services Tax (GST) Council headed by Finance Minister Arun Jaitley Tuesday discussed multiple tax rates under the new tax regime.
Dinesh Kanabar, CEO, Dhruva Advisors, says the report indicates that it is just over a period of time that this will be extended to several other transactions also
Reacting to the Arun Jaitley‘s Budget speech, Dinesh Kanabar, CEO of Dhruva Advisors said the FM's decision to get some state-run companies to issue bonus debentures instead of dividends was a positive as it would reduce the strain on their cash positions.
Recent reports have suggested that the government is mulling whether to change the definition of 'long term' from one year to three years, thus ensuring that investors don't exit till three years unless willing to pay tax.
Dinesh Kanabar, CEO of Dhruva Advisors told CNBC-TV18 that he projects the fiscal deficit to stand at 3.9 percent as the Finance Ministry is yet to cover 40 percent of the budget and the chances of that happening in just one installment of advance tax seem to be bleak.
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Dinesh Kanabar, CEO, Dhruva Advisors explains that there are three kinds of FIIs: protected by double taxation avoidance treaty, no treaty but physical presence in India, and no treaty and no presence in India. So far notices have been sent only to the second category of investors.
In an interview to CNBC-TV18's Latha Venkatesh & Sonia Shenoy, Corporate Lawyer HP Ranina and Dinesh Kanabar of Dhruva Advisors gave their take on Arun Jaitley's Union Budget and their outlook on the road ahead.