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DEMERGER TAX IMPLICATIONS
Demerger may not be tax-neutral if holding company issues shares: Mumbai ITATMumbai ITAT ruled demerger share issuance by holding company invalidates loss carry-forward. A subsidiary receiving business must issue sha...
Vedanta listing: How billionaire Anil Agarwal's 'Fantastic 5' unlocked Rs 63,500 crore value with mega demergerVedanta’s long-awaited demerger culminated with the listing of four newly spun-off businesses, triggering a sharp market re-rating and unlo...
Vedanta Q4 Results: Cons profit zooms 92% YoY to Rs 6,698 crore, revenue jumps 47%Vedanta Q4 Results: Vedanta announced a significant financial performance for the March quarter. The company's net profit soared by 92% yea...
When the acquisition looks great but the footnote doesn't: How Indian managements turn deals into balance-sheet fictionAcquisitions are among corporate finance’s most celebrated events. But the harder story usually emerges later, when the accounting begins t...
Did Tata Motors shares really crash 40%? What the demerger plunge actually meansTata Motors Demerger: Tata Motors share price experienced a notional 40% drop as its commercial vehicles business demerged into a new entit...
Tata Motors Demerger: Shares to trade ex-CV business from today. What it means for shareholdersTata Motors Demerger: Tata Motors’ long-awaited demerger takes effect today, splitting its passenger and commercial vehicle operations into...
Jio Financial shares list on bourses; what’s the tax liability for investors?While the listing was a booster shot, the stock succumbed to selling, largely by passive index funds, who needed to adjust their portfolio ...
InterGlobe not a long term ‘buy and forget’ stock; latest deal wins allay Infosys concerns: Chakri Lokapriya"Infosys’ last two deal wins, clearly reduces some concerns about Infosys in particular because their numbers were hurt most when they repo...
RIL hives off oil-to-chemicals bizThe interest-bearing loan from RIL to the O2C company will be an “efficient mechanism to upstream cash, including any potential capital rec...
Budget 2021: Government looking at tax issues related to business rejig, mergers and acquisitionsIn particular, the govt is reviewing restrictions on the carrying forward of losses in cases of change in shareholding of a closely held co...
Fearing taxman, many companies are getting tax planning done before raising funds abroadThe possibilities include listing some of their Indian entities or creating a holding structure outside India. These companies and their ta...
NCLT rejects Sun Pharma’s plan to demerge overseas subsidiaryThe company had approached the Ahmedabad bench of NCLT for an approval to transfer investment undertakings from Sun Pharma to its Netherlan...
Sale of 'going concern' exempt from GST: AARThe AAR said that as per a government notification, any transfer of a going concern constitutes a 'supply of service' and 'nil' tax rate wi...
GSK exploring merger, share swap with potential buyersGSK had conducted an internal analysis involving tax experts in Europe and India and a handful of external tax consultants in UK to discove...
We are confident of raising money from domestic and international markets: Kulamani Biswal, NTPC"Recently we have raised masala bond at a very competitive rate from offshore rupee denominated bonds at 7.25 coupon rate. "
Most investors frown upon conglomerate with diverse interests: Dinesh Kanabar, Dhruva Tax AdvisorsThe Grasim-Nuvo merger is in a sense skewered because at one level you are looking at merging of businesses which are very disparate and th...
Dubai-based Emaar to separate from Indian partner MGF, ending decade-old joint ventureThe Dubai real estate developer entered India 10 years ago with an investment of more than Rs 7,500 crore in joint venture Emaar MGF Land L...
MNCs lobby government for smooth limited liability partnership conversionAs part of the opening up announced on November 10, foreign direct investment (FDI) through the automatic route has been allowed in LLPs.
- Query corner: Taxation
Vaibhav Sankla, Executive Director, Adroit, guides you in matters relating to taxation.
- Bonus or dividend, don't forget tax in the end
Is the tax implication of corporate announcements - be it bonus, rights issue or demerger - troubling you? Read on. CEO Cookout in Kolkata