Latest Expert Exchange Queries
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) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
Popular Search: form 3cd :: ACCOUNTING STANDARD :: ARTICLES ON INPUT TAX CREDIT IN VAT :: due date for vat payment :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARDS :: list of goods taxed at 4% :: TDS :: VAT Audit :: empanelment :: cpt :: articles on VAT and GST in India :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4% :: VAT RATES
« News Headlines »
 Draft Rules for prescribing the method of valuation of fair market value in respect of the trust or the institution-Chapter XII-EB of the Income-tax Act, 1961- reg.
 India is moving towards a flawed GST
 ICAI to organise two-day international conference in Hyderabad
 Here's how to calculate tax payable on your capital gains
 Income Tax calculations for the financial year 2016-17
 CPE Events 17 October - 22 October 2016
 High Court raps I-T Department for wrong tax demand
  CBDT signs 5 advance pricing pacts with Indian taxpayers
 Finance ministry warns tax officials of action against GST protest
 Big changes for small units under GST
 Parliament’s winter session to begin on November 16 to expedite GST rollout

Income tax lens on more cross border Merger & Acquisitions
December, 04th 2010

The income-tax department is examining a few cases of cross border mergers and acquisitions (M&A) for tax related issues, the government informed Parliament on Friday.

They include Sanofi Pasteur Holding's acquisition of Hyderabad-based Shantha Biotechnics and Barclays investment in business process outsourcing company Intelnet Global Services.

A few cases relating to cross border M&A deals have been identified for further examination by the revenue department, minister of state for finance, SS Palanimanickam said in written reply to a question in Lok Sabha on Friday.

The deal of SKR BPO Services with Barclays (H&B ) Mauritius for acquiring Intelnet Global Services is also been examined by the I-T department for possible tax implications.

Sanofis vaccine arm had bought ShanH, which owns 80% of Shantha Biotechnics, from the Merieux Alliance and Groupe Industriel Marcel Dassault for $784 million in 2009.

Blackstone-owned Intelnet Global Services formed a strategic partnership with Barclays Bank. As part of the partnership, Barclays has acquired a 12.75% stake in SKR BPO Services, the holding company of Intelnet Global Services.

Mr Palanimanickam also mentioned Vodafones $11-billion acquisition of Hutchison Essar and deal between New Cingular Wireless Services with AT&T Mauritius for acquiring Idea Cellular and also stake transfers in GE Capital International Services/Genpact India.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Desktop Application Development Outsourcing Desktop Application Development Offshore Desk

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