High-value restructuring via exchange of shares, now in tax ambit
Several high-value restructuring transactions have taken place via exchange of shares, rather than a monetary consideration.
SC decision overturned: Budget 2021 proposes goodwill not eligible for depreciation
The Finance Bill, 2021, has held that goodwill of a business will not be considered as a depreciable asset. Depreciation on goodwill will not be available,
Several mid-scale companies reach out to advisors following proposed changes in liquidation process
Many mid-scale companies, especially in the mine and metals segment, are going back to the drawing board and analysing how the recent proposal
Apple passes on 2 per cent equalisation levy to Indian consumers
The equalisation levy has started making things costlier for Indian consumers. Apple is passing on the 2% equalisation levy, aside from 18% goods
Google, Facebook, LinkedIn give paying new India tax a miss
It’s a taxman versus internet majors standoff — companies such as Google, Facebook, LinkedIn haven’t paid the April-June quarter’s 2% equalisation levy that
Companies still see red on red tape
India Inc. continues to face a high burden of meeting government compliances despite the country’s impressive rise in World Bank’s Doing Business ranking