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: TDS :: TAX RATES - GOODS TAXABLE @ 4% :: cpt :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARD :: form 3cd :: empanelment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT Audit :: list of goods taxed at 4% :: due date for vat payment :: ACCOUNTING STANDARDS :: VAT RATES :: Central Excise rule to resale the machines to a new company :: articles on VAT and GST in India
 
 
« News Headlines »
 India is second most complex tax jurisdiction
 How to link your Aadhaar and PAN details to file income-tax returns
 How to calculate capital gains tax on property sold at less than stamp value?
 Return Filing - Under GST, this is how you will file tax returns from July 1
 Income tax filing FAQs part 1
 Filing Income Tax Returns? Things To Keep In Mind As Deadline Approaches
 Filing of online return for 4th quarter of 2016-17- extension of period thereof.
 New tax accounting standards may reduce leeway for infrastructure companies
 GST – CONCEPT & STATUS – As on 01st May, 2017
 Govt extends VAT deadline, relief for developers
 Income Tax Appellate Tribunal Rules, 2017

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 2017 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