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PRANAV SAYTA
How Budget proposes to change the tax structure & rules for 'gifts'From April 1, 2024, the capital gains tax exemption for gifts under corporate restructuring will apply only to gifts by individuals or Hind...
Royalty rate under Spain DTAA notifiedThe notification holds importance especially in view of the recent Supreme Court judgement in the case of Nestle wherein it was held that t...
Slump sale regulations could trigger transfer pricing complications for companiesAs per the rules, companies have to follow a particular methodology while valuing assets whenever they undertake a slump sale. However, man...
Listed companies that undertook slump sale may have to restate earnings following new rulesThe new slump sale rules have a precise methodology that a company is required to use while calculating the valuation of the slump sale tra...
Foreign e-commerce companies will have to split sale price, fee retrospectivelySince sale prices would belong to the resident seller but commissions that the foreign platform charges would belong to the foreign entity,...
Gross direct tax collection grows 16.7% to Rs 5.47 lakh crore in April-SeptemberThe government expects the buoyant direct tax collection to make up for some of the shortfall in indirect taxes.
Values & focus drive the oldest family businessesThe oldest family firm, Japan’s Takenaka Corporation is all of 408 years old and the 10th oldest is Germany based Wieland-Werke which will ...
Government plugs loopholes that companies use for evasion of taxThe government has sought to prevent camouflaging of dividend in various ways such as via loans and advances and also end litigation.
How family-run businesses are evolving amid innovation and the startup invasionWith family hegemony being threatened by the surge of venture-backed and private equity-funded entrepreneurship, business models are changi...
Tax treaty negotiations with Cyprus may be over: Pranav Sayta, EYInvestments made prior to 31st March 2017 will continue to be grandfathered under the Cyprus India Treaty and Cyprus precedence will contin...
Irrevocable trusts offer max benefit for HNIsTrusts help HNIs ensure efficient succession planning and may also result in mitigating tax liability.
Amending India-Mauritius tax avoidance pact not a step in right direction: Pranav Sayta, EY"This is certainly not a good news. Mauritius companies being liable to capital gains tax in India could certainly change the paradigm."
Lower corporate tax: Finance Ministry road-map to phase out exemptionsIn an attempt to enhance investments in crucial sectors and also facilitate reduction of corporate tax, the finance ministry has drawn up a...
There is good reason to defer GAAR implementation by a few years: Pranav Sayta, EY"The reason why I feel GAAR ought to have been deferred is we need detailed guidelines with very clear guidance to tax payers."
- Industry, experts say draft GAAR guidelines encouraging
Industry and experts today said the draft guidelines on General Anti-Avoidance Rules (GAAR) are encouraging and progressive.
- Good that the government is clarifying its position on P-Notes: Pranav Sayta, Ernst & Young
In an interview with ET Now, Pranav Sayta, Tax Partner, Ernst & Young, speaks about GAAR modification for P-notes investors in the market h...
- Fixed income instruments in India offer distinct advantage to NRIs: Dhirendra Kumar
Repatriation is a key differentiator and India provides distinct advantage on differential higher fixed income returns, says Dhirendra Kuma...
- 'Indian taxation to attain global standards'
The decision to hike Minimum Alternate Tax rate to 20% from 18% now is being seen as a retrograde step from the taxation system point of vi...
- Experts put government on MAT for hiking rate
The decision to hike Minimum Alternate Tax (MAT) rate to 20% from 18% now is being seen as a retrograde step by tax experts.
- Union Budget 2010: MAT rate hike won't matter much: Cos
Companies would feel the heat, but a cut in surcharge would limit the hit.