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Expansion into overseas markets: The tax and regulatory framework

Expansion into overseas markets: The tax and regulatory framework

As the Indian GDP grows, the Indian industry continues to expand across the global, supplemented by digitalization. In recent years, there’s been an increase in…

Chennai ITAT Ruling in Cognizant’s Shares Buyback: A Panoramic Analysis

Chennai ITAT Ruling in Cognizant’s Shares Buyback: A Panoramic Analysis

Recently, the Chennai Income-tax Appellate Tribunal (ITAT or Tribunal) in the case of Cognizant Technology Solutions India Pvt. Ltd (Company or the assessee or the…

Incentives for New Manufacturing Set Ups in Uttar Pradesh

Incentives for New Manufacturing Set Ups in Uttar Pradesh

Indian State Governments offer varied incentives under their respective state industrial development corporation policies to promote the set-up of new manufacturing units in the state.…

Tax Considerations for Mergers and Acquisitions: Structuring Deals for Optimal Tax Efficiency

Tax Considerations for Mergers and Acquisitions: Structuring Deals for Optimal Tax Efficiency

Mergers and Acquisitions (M&A) is the most popular route used by companies looking to consolidate businesses, expand operations, rationalize holding structures, enhance shareholders' value, meet…

Online Gaming – Are all bets off?  Who wins? Who loses?

Online Gaming – Are all bets off? Who wins? Who loses?

The GST Council in its 50th and 51st meetings had recommended to levy GST on Casino, Horse Racing and Online gaming at the uniform rate…

Foreign Trade Policy 2023 Roadmap to India’s Global Leadership in Exports

Foreign Trade Policy 2023 Roadmap to India’s Global Leadership in Exports

Over the years, India’s Foreign Trade Policies have reflected the nation’s standing among the world economies. The initial policies, which came with sunset clauses, were…

TP Guide 2023 – A Disquisition to UAE TP Rules

TP Guide 2023 – A Disquisition to UAE TP Rules

The UAE Ministry of Finance (MoF) issued the first-ever Transfer Pricing Guide (TPG) on October 2023 to provide general guidance on the Transfer Pricing regime.…

Purchase of own shares under the scheme whether dehors buyback or capital reduction

Purchase of own shares under the scheme whether dehors buyback or capital reduction

Recently, the Chennai Income-tax Appellate Tribunal (ITAT) in the case of Cognizant Technology Solutions India Pvt. Ltd [TS-531-ITAT-2023(CHNY)] (the Company) recharacterized the Scheme of Arrangement…

GST Council hits half-century An all-round performance

GST Council hits half-century An all-round performance

While marking its 50th meeting milestone, the GST Council has announced a slew of recommendations relating to changes in GST rates, measures for trade facilitation…

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