The Firm

FDI Policy & Control

FDI Policy & Control

Last Shot At Retail FDI?

Last Shot At Retail FDI?

Taxation Of ESOP Benefits

Taxation Of ESOP Benefits

BEPS: OECD'S Raffaele Russo On The New Global Tax Medicine

Taxsutra.com Editor Arun Giri‘s interviewed Sr. Advisor at OECD - Raffaele Russo on the 15 Point BEPS Action Plan. The 'Base Erosion & Profit Shifting' Action Plan prescribes ways in which countries can tackle the menace of double non-taxation...as a result of aggressive tax structuring by multinational corporations.

Vote Against Ambuja Scheme

In its reports proxy advisory firm InGovern recommends that ‘Minority shareholders of Ambuja Cements should oppose this transaction. Institutional and retail investors of Ambuja should vote against this proposal. Institutional investors should question the Board of Ambuja Cements for proposing such a structure. ‘

2013 Global Transfer Pricing Survey

This EY report identifies tax risk management as the top-most priority when devising transfer pricing strategy, with 60% of surveyed Indian parent companies sharing their consent.

Patent Illegality & Foreign Arbitral Awards

In an interesting development, the Supreme Court, in its recent decision dated July 3, 2013 in “Sri Lal Mahal Ltd vs Progetto Grano SPA”, has held that the scope for challenge to a foreign arbitral award on the ground of it being contrary to the public policy of India is lesser as compared to a similar challenge against a domestic award.

Holcim: Having Your Cake & Eating It Too..?

In this report corporate governance advisory firm SES discusses the restructuring of Holcim‘s shareholding in Ambuja & ACC.

Ambuja Shareholders Will Have Their Say!

Ambuja Shareholders Will Have Their Say!

Foreign Awards: SC Reduces Scope Of Court Interference

Foreign Awards: SC Reduces Scope Of Court Interference

Sahara blasts SEBI chief for 'mischievous' remarks

Sahara blasts SEBI chief for 'mischievous' remarks

I-T Dept Denied IRS Assistance

I-T Dept Denied IRS Assistance

SEBI Gets More Powers, New Courts!

The Securities Law Amendment Ordinance 2013 was promulgated on July 18, 2013 to amend the SEBI Act, 1992, the SCRA, 1956 and the Depositories Act, 1996.

Issue Of ESOPs: Deduction Allowed On Discount

In a significant ruling in the case of Biocon Limited (“taxpayer”), the Bangalore Special Bench (“SB”) of the Income Tax Appellate Tribunal (“Tribunal”) has laid down important principles in context of discount on issue of options under an Employee Stock Option Plan (“ESOP”).

Borrowings & Guarantees: Lessons From Apollo Tyres

Debt: Easy to acquire, tough to retire

ITAT Upholds Samsung's Royalty Payout

ITAT Upholds Samsung's Royalty Payout

Service Tax Exemption To Sez Units Or Developers

This EY Tax Alert gives an update on the recent Notification No. 12/2013- Service Tax dated 1 July 2013, issued by the Ministry of Finance, in supersession of Notification No. 40/2012-Service Tax dated 20 June 2012

Kolkata High Court Reverses Special Bench Decision

Kolkata High Court Reverses Special Bench Decision

Revised TP Circular on Development Centres

Revised TP Circular on Development Centres

Accountant's Report Made More Exhaustive & Onerous

The Finance Act 2012, extended the applicability of transfer pricing provisions by widening the definition of International Transactions and extending transfer pricing provisions to specified domestic transactions.

Changes In ECB Regulations

The Reserve Bank of India has recently issued circulars, whereby the foreign borrowing and exports guidelines have been amended.

Single Brand Retail: Poised For Success

The last two years have seen extremely modest inflows into India from an FDI perspective.

Taxability Of Development Agreement

Taxability Of Development Agreement

Tax Compliance Management: Good, Better, Best!

This global survey by KPMG provides insights from 1,150 tax executives based in 22 countries, including India on current regulatory, economic and tax administration issues.