sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
« Indirect Tax »
 CBDT notifies new I-T return forms
 Here are the key changes in tax rules to come into effect from today
 GST revenue growth in 2018-19 to match last 10 years’ indirect tax growth, says SBI report
 Things You Should Know Before Filing Your Income Tax Returns (ITR)
 All education loans do not get income tax benefits
 FM Arun Jaitley to focus on direct and indirect taxes
 Income Tax For Individuals – Assessment Year 2019–20
 States set separate dates to implement e-way bill
 What are direct and indirect taxes?
 Indirect transfer conundrum continues
 We expect significant changes in income tax slabs, say taxpayers

Parthasarathi Shome panel submits report on taxing indirect transfers
November, 01st 2012

A panel-headed by leading tax expert Parthasarathi Shome on taxation of indirect transfer involving Indian assets has submitted its final recommendations to finance minister P Chidambaram, raising expectations of an expeditious decision on the issue that unnerved foreign investors.

Finance minister P Chidambaram has already made it clear that Vodafone's tax matter would be decided after considering all aspects including recommendations of the Shome Committee.

The government amended the tax laws in this year's budget retrospectively allowing tax authorities to tax overseas indirect transfers involving underlying Indian assets, virtually nullifying the Supreme Court decision that said the Vodafone's $11.2 bilion acquisition of Hucthison Essar was not taxable in India.

Subsequently, the government had asked the Shome committee, which was already looking into another budget proposal, the GAAR, to also review the provisions relating to indirect transfers.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Wholesale Silver Jewelry

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions