Big Deal: How to save on tax?

Post Budget two big things have happened on the market. Ahead of April 1, the changes made, the amendment made by the finance minister to     section 10(38) of the IT act as well as section 56 have created two things. First, a huge amount of intra-promoter share transfers and second, a lot of corporates rushing into formation of trusts. Girish Vanvari, National Leader - Tax at KPMG India and Sanjay Buch, Partner at Crawford Bayley & Co discuss what does it mean and what should corporates do at this point.

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