Brought forward losses on change in shareholding where all shareholders belong to the same group
Recently, Mumbai ITAT in case of Hiranandani Healthcare Pvt Ltd [(2023) 157 taxmann 551 (Mumbai-Trib) dated...
Scheme of Capital Reduction for non-resident shareholders
The Scheme of capital reduction is one of the effective ways to provide exit to the...
Case Studies: Reconstitution / Dissolution of Specified Entity
As discussion in article titled ‘Dissolution / Reconstitution of Partnership Firm / LLP / AOP /...
Attribution of Profits upon dissolution / reconstitution of LLP / Partnership Firm
Pursuant to the amendment vide Finance Act 2021, in relation to reconstitution or dissolution of Firm...
Is Slump Exchange taxable?
Finance Act, 2021, has introduced amendment in the provisions related to slump exchange arrangements. Scope of...
Is GOODWILL still good?
Goodwill by its very nature is an intangible asset and always considered as ‘Good’ in the...
Dissolution / Reconstitution of Partnership Firm / LLP / AOP / BOI
Finance Act, 2021, amended tax provisions relating to dissolution and reconstitution of a partnership firm /...
Liable to tax – end to interpretational issues?
Last year, vide the Finance Act 2020, amendment under section 6 was carried out by inserting...
Option price received under a JV agreement for mandatory first sale of shares is a Capital receipt
In a deal scenario, any business arrangement is entered into with various considerations such as sector...
Why it is important to check residential status inspite of source-based taxation?
In India, in order to determine tax liability, it is important to determine residential status under...