Of course, Budget 2017 has happened, but how is it really going to impact the transactions and the mergers and acquisitions on the street? Who stands to gain and who stands to lose? To answer that, we have two experts joining us: Girish Vanvari of KPMG and Satish Kishanchandani.
While the industry perceives the move as a partial relief, it is not yet clear as to what are the list of transactions that will be exempt. A separate circular on this aspect is expected.
Budgeting for the year is going to be tricky this year due to the rollout of GST, Girish Vanvari, Head of Tax at KPMG India says. People usually don‘t expect a lot of tinkering with indirect tax rate in the Budget.
Watch the interview of Girish Vanvari, Head-Tax at KPMG India and Gautam Mehra, Leader-Tax & Regulatory Services at PwC India with Surabhi Upadhyay on CNBC-TV18, in which they are talking about personal taxation.
In an interview to CNBC-TV18‘s Surabhi Upadhyay, Girish Vanvari of KPMG India and Gautam Mehra of PwC discussed about the CBDT tax circular being kept in abeyance.
One can expect the government to announce a marginal cut to the headline corporate tax rate along with a clear roadmap detailing the manner in which the proposed reduction and incentive phase out will be achieved.
Further to the announcement of demonetization by way of withdrawal of bank notes of Rs. 500 and Rs. 1000 denomination, the government has taken a step forward to curb black money. Concerns were raised that some of the existing provisions of the Income-tax Act, 1961 (the Act) can possibly be used for concealing black money.
In the backdrop of the prevailing global scenario, Budget 2016 a good pragmatic balancing act, says Girish Vanvari, National Head of Tax at KPMG India.
The practice of mergers and acquisitions has attained considerable significance in the contemporary corporate scenario. With India being looked upon as the next destination of financial growth, thrust on inorganic leap has been the aspiration of India Inc.