GIRISH VANVARI

According to a private ruling by MRA, investment vehicles in Mauritius, used by global investors to enter India, will have to pay tax in Mauritius on 'capital gains' they receive from a PE or debt fund in India when the latter exits an investment.

This change, if carried out in the upcoming budget, will also give a push to fund raising through special purpose acquisition companies or SPAC, as currently, Indian companies can't get listed on foreign exchanges directly or through an amalgamation...

The companies are seeking that the government relooks at changes made in tax laws that resulted in tax demands retrospectively and led to litigation. This includes a major change made in this year's budget, tax experts said.

The government has reached out to some legal experts on the issue, said people aware of the development. The government has still not come up with precise rules and procedures for seeking refunds, or how, in which form should the undertaking be soug...

The govt is trying to make sure that settlement arrangements align properly with international laws. A leading tax expert said the wording of the undertaking will need to be seen from the perspective of international rules to ensure that all scope f...

A clutch of large companies, including Sanofi Aventis, Mitsui & Co, WNS, Genpact and the Tata Group, are looking to settle lawsuits or arbitration proceedings against the government after it recently moved to nullify a 2012 retrospective tax amendme...

Almost all large deals in 2020 and 2021, where private equity or other strategic investors picked up stakes, were structured using a special purpose vehicle (SPV) to securitise assets in a separate company, say industry trackers. The new regulations...

Girish Vanvari, has set-up a boutique tax, regulatory and business advisory firm, Transaction Square, to cater to the needs of entrepreneurs, family houses, multinationals, among others.

Countries are taking steps to prevent such abuse by amending domestic tax provisions or by joining hands with global organisations.

India Inc therefore expects the focus of the Union Budget 2017-18 (Budget 2017-18) to be more on enhancing digital literacy, improved connectivity and access to technology.

Rekhy was re-elected unopposed for 4 years but last month a big exodus from the advisory team and a partner coup led to circumstances that ultimately ended in Rekhy’s removal.

The earlier draft rules, issued in April, had excluded disputed foreign taxes from the ambit of FTC. Now credit can be claimed in respect of disputed foreign taxes.

Propelling the economy is a combination of three things viz. monetary policy, regulatory reforms and fiscal policies.

Rohan Shah, managing partner, ELP and Girish Vanvari, head of tax, KPMG talk about balancing tax cuts and exemptions in the upcoming budget.Amicus Curiae: The direct tax agenda

We can expect a reduction in the corporate tax base rate of 30%. Earlier, the government had proposed to phase out the profit-linked incentives from April 2017.

"The reduction in the corporate tax rate from 30% to 25% over the next four years starting from financial year 2016-17 in a phased manner would give India a competitive edge."

Budget 2015 comes in the backdrop of strong domestic macroeconomic fundamentals and soaring expectations, said Vanvari.

Convergence of the various indirect tax laws into GST would play an important role for the success of the Make in India plan.

"Commitment to no more retrospective amendments and a stable tax regime is a much needed welcome move to bolster investor confidence"