WTS in India

It is our pleasure to present to you the second edition of our WTS Global Mergers & Acquisitions Newsletter 2023. Presenting updates from 9 countries with a focus on the international M&A industry.

In its resolve to make the MAP process robust and transparent, the Indian Revenue contin­ues to have the following key resolution parameters in its updated Guidance:

Uncertainties relating to the determination of the profits attributable to a construction/installation permanent establishment (PE) are a substantial tax-related project risk for companies within the plant construction sector.

With effect from 1 April 2020, DDT has been abolished, consequently, dividend income will be taxed in the hands of the recipient shareholder at applicable tax rates.

Our colleagues in India provide information on the recently introduced regulatory changes concerning both procedural and tax compliance aspects of transfer pricing.

The Government of India introduced various amendments earlier this year vide Finance Act, 2021 in the domestic tax laws in order to further incentivize the financial services sector.

Tax executives lead the way to resilience and recovery.

The Central Board of Direct Taxes (CBDT) issued a detailed Guidance on MAP in August 2020 for the process to be followed by an Indian Competent Authority (CA) and field officers, and comprehensive guidance on issues related to MAP processes.

The GST Council has decided to implement a system of e-invoicing for Business to Business (B2B) taxable supplies of goods and services in India from 1 October 2020.

View WTS Dhruva Tax Alert

The murmurs surrounding reintroduction of inheritance tax in India are gaining more and more noise

Rahul Mitra, Partner, Dhruva Advisors LLP, with an article in "taxsutra"

Dhruva partner Rahul Mitra with an article in taxsutra

Impact on Indian subsidiaries of US parented companies

Rahul Mitra (Partner, Dhruva Advisors) with an article in Taxsutra

An analysis on TP-principles

Rahul Mitra (Partner, Dhruva Advisors) with an article in Taxsutra

Article by Rahul Mitra (Partner, Dhruva Advisors LLP)

The Central Board of Direct Taxes (CBDT) concluded 14 Unilateral and 2 Bilateral APAs

Dhruva Advisors-Partners Rahul Mitra and Ajay Rotti with an article in "taxsutra"