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NCLT allows amalgamation while rejecting invocation of GAAR

NCLT allows amalgamation while rejecting invocation of GAAR

Recently, the National Company Law Tribunal, Chandigarh Bench (Tribunal), while approving the Scheme of Amalgamation [(Re Panasonic Life Solutions India Private Limited CP.

Summary of Public Consultation Document issued for UAE Corporate Tax

Summary of Public Consultation Document issued for UAE Corporate Tax

On 31 January 2022, the UAE Ministry of Finance announced the introduction of Federal Corporate Tax (CT) in UAE w.e.f. 1 June 2023. While the…

UAE Introduces Corporate Income Tax

UAE Introduces Corporate Income Tax

As expected, United Arab Emirates (UAE) have announced the introduction of Corporate Income Tax on 31 January 2022. As a signatory to the Two Pillar…

Amendments to SEBI LODR and its impact on Related Party Transactions

Amendments to SEBI LODR and its impact on Related Party Transactions

Over the years, Related Party Transactions (RPT) have become a key focus area for the board of directors, not only from a tax perspective but…

Journey of Global Capability Center from Setup to Transformation

Journey of Global Capability Center from Setup to Transformation

In our podcast series, Journey of GCC from Setup to Transformation, Kartik Nagarajan, Managing Director - Business Consulting & Global Business Services (Sales) at Nexdigm…

Are you compliant with FATCA/CRS regulations in UAE?

Are you compliant with FATCA/CRS regulations in UAE?

Foreign Account and Tax Compliance Act (FATCA) is a US legislation that aims to combat tax evasion by US persons. In 2010, the US enacted…

Intangible Asset Valuation – Valuing Customer Relationships

Intangible Asset Valuation – Valuing Customer Relationships

Intangible asset valuation is a complex process. Though these assets do not have any physical substance, they are at the heart of any business's success.…

From cost arbitrage to core value drivers: Setting up a successful GCC

From cost arbitrage to core value drivers: Setting up a successful GCC

Global Capability Centers (GCC) have evolved from cost generators to strategic business enablers and value generators. During the initial stage, the majority of transactional activities,…

Digital Assets – Special Tax Law for Cryptocurrency and Non-fungible Tokens

Digital Assets – Special Tax Law for Cryptocurrency and Non-fungible Tokens

India has become one of the largest markets for cryptocurrencies with Indians parking nearly USD 6.6 billion in cryptocurrencies until May this year, compared to…

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