Professional Services
Key Highlights of Interim Budget 2024
The Interim Budget 2024 was a reflection of past achievements and attempted to provide an impetus to India’s current optimistic trajectory. The Hon’ble Finance Minister…
Getting acquainted with the concept of “deemed international transaction” in India
Transfer Pricing (TP) in India, was first introduced in 2001, in the Income-tax Act 1961 (the Act) and has seen various developments in the past…
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
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…
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?
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
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
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
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…
professional-services
No records available
professional-services
No records available
professional-services
No records available
professional-services
No records available
professional-services
No records available
professional-services
No records available
professional-services
No records available
professional-services
No records available
professional-services
No records available