28 February, 2015
The Finance Minister presented the Finance Bill, 2015 today. While no major relief has been announced on personal taxation, corporate taxes are proposed to be rationalised in a phased manner to bring down the rate of taxation. However, for the present, no change has been announced on rates of tax for companies. Incentives for investment in notified backward areas of Andhra P...
By R. Subhashree
The media, in recent months, has been focussing extensively on tax planning, tax avoidance and aggressive tax planning. All ingredients that go into a good story- big monied corporates funnelling money to low-tax jurisdictions, abusing the legitimate means and incentives , the shocked ordinary tax payer with no resources to plan or effect similar savings… have been used to...
14th December, 2011
Recently, the United Kingdom released the draft of the proposed legislation on ‘Patent box’ – a scheme of tax incentives to corporates to domicile in UK and exploit their patents in UK. The objective is to encourage setting up of manufacturing facilities in UK and creation of jobs. Set to come into effect in 2013 on passage, the Bill provides for taxation of profits attr...
The Finance Minister is expected to present Union Budget for the year 2012-13 on 16th March, 2012. To analyze tax implications of this year's budget, the Institute of Business Laws, in association with Lakshmikumaran & Sridharan, is organizing the following seminars on Budget 2012:
17th March, 2012 - India Habitat Centre, New Delhi
17th March, 2012 - M.C. Ghia Hall, Mumbai
By Sumeet Khurana
The case of Vodafone involved capital gains tax implication on transfer of shares of a Cayman Island entity CGP Investments (CGP) by another Cayman Island entity Hutchison Telecommunications International Limited (HTIL) to a Netherlands resident entity Vodafone International Holdings (VIH). HTIL had direct and indirect control to the extent o...
By Gayatri Sridharan
“Statute law is the will of the legislature; and the object of all judicial interpretation of it is to determine what intention is either expressly or by implication conveyed by the language used, so far as necessary for the purpose of determining whether a particular case or state of facts which is presented to the interpreter fall within it.” - These were the opening wo...
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