Union Budget 2018 is going to be the last full-year budget before the upcoming Lok Sabha Elections in 2019 and therefore there is a lot of speculation that it will be a populist budget. However, in an interview on 24 January, Prime Minister Narendra Modi gave indications that his Government will stay the course of … More Budget 2018: Transfer pricing expectations
Like every other year, there are a number of “asks” the country (both individuals and corporates) may have from the Finance Minister this Budget — reducing corporate tax rates, doing away with dividend distribution tax and increasing the tax exemption limit to name a few. And as budgets go, something or someone may have to … More Will the Government’s “digital” agenda fund the much-anticipated tax cuts in this Budget?
The Organisation for Economic Co-operation and Development (OECD) commenced work on the Base Erosion and Profit Shifting (BEPS) project to address concerns that existing principles of domestic and international taxation were failing to keep pace with the global nature of modern business models. As a member of the G20 and an active participant in the … More Master file notification: Expectations, impact and risk areas for MNCs
Gaurav Karnik, Tax Partner and Leader – Real Estate practice, EY India It is that time of the year when the entire industry looks forward to the Finance Minister Arun Jaitely’s speech on Budget Day to provide much needed relief and growth impetus in various sectors. The real estate sector is no different, given the … More What Budget 2017 may look like for the real estate sector
B Sriram, Tax Partner, EY India This Budget will be presented against the backdrop of two key events: demonetization and the implementation of the Goods and Services Tax Act. First and foremost, the most eagerly watched expectation would be the roadmap for GST implementation. Pursuant to the recently concluded GST Council meeting, the FM has … More Union Budget 2017: considerations for indirect tax proposals
Buyback tax (BBT) provisions were introduced in the Income Tax Laws (ITL) in 2013 to check tax avoidance by unlisted companies, which resorted to buyback of shares instead of dividend distribution, particularly where the buyback distribution proceeds were tax-exempt for overseas shareholders under the treaty network. BBT is payable by domestic unlisted companies in the … More Taxation of buybacks by unlisted companies: a step toward greater clarity?
We at EY Tax wish all our Blog followers a great new year. The year 2016 begins with a positive vibe with much anticipated tax developments to be introduced in the upcoming Budget with an aim to ease doing business in India. Government in 2015 clearly indicated that its focus was on increasing global participation … More Tax developments – Top trends of 2015