Latest Expert Exchange Queries

GST Demo Service software link:
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft
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
Popular Search: empanelment :: TAX RATES - GOODS TAXABLE @ 4% :: TDS :: ACCOUNTING STANDARDS :: articles on VAT and GST in India :: ARTICLES ON INPUT TAX CREDIT IN VAT :: due date for vat payment :: ACCOUNTING STANDARD :: Central Excise rule to resale the machines to a new company :: VAT Audit :: cpt :: form 3cd :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT RATES :: list of goods taxed at 4%
Transfer Pricing »
 How advance pricing agreement helps India-Singapore business ties
  CBDT to accept transfer pricing MAP sans riders
 How transfer pricing documentation can make you a happier person
 Transfer pricing review and adjustments in Luxembourg
 Here is what Modi government can do for transfer pricing
 Transfer Pricing In International Transactions – An Overview
  Transfer pricing 2017 year-in-review
 New Transfer Pricing Regime to Regulate Documentation
  CBDT notifies secondary adjustment transfer pricing rules
  A web of requirements in transfer pricing regime
 Hong Kong bill would revise multinational firm tax and transfer pricing rules

BMR Advisors corporate tax practice deal goes down to the wire
July, 24th 2017

Deloitte India has emerged as the front runner for acquiring BMR Advisors’ corporate tax practice even as KPMG and PwC remain in the race.

With the boards of three of the Big Four accounting firms approving enabling resolutions for a potential merger, the deal has gone to the wire.

The interest in BMR Advisors’ corporate tax practice comes at a time when consulting companies have been ramping up their tax practice, given the need for talent to tap the opportunities offered by India’s transition to a single goods and services tax (GST).

On the direct tax side, too, regulatory changes have warranted professional services firms to bolster their manpower.

Recent policy changes in transfer pricing, accounting and India joining a multilateral convention seeking to prevent aggressive tax planning has boosted the demand for tax professionals.

Queries mailed to the spokespersons for BMR Advisors, Deloitte and PwC on Monday evening weren’t immediately answered.

“As a policy, we do not comment on market speculation,” a spokesperson for KPMG said in response to an emailed query from Mint.

The Economic Times newspaper on Monday reported that Deloitte, KPMG and PwC are in the race to buy the whole or part of BMR Advisors.

BMR Advisors has around 600 people on its team, with practices such as tax and regulatory, mergers and acquisitions, and risk and advisory.

“The internal announcement was made by Deloitte (India) chief executive officer N. Venkatram,” said a person aware of the development, requesting anonymity.

Mint couldn’t ascertain the value of the proposed transaction.

“The negotiations are going on but the deal is yet to be finalized. Talks are on and there are others in the fray. The deal is not final yet,” said another person aware of the development.

BMR’s leadership team comprises Bobby Parikh, Gokul Chaudhri, Rajeev Dimri, Rohit Berry and Sanjay Mehta.

Mukesh Butani is the non-executive chairman of the firm.

BMR had recently announced the induction of five new partners to add to its National Capital Region (NCR) and Mumbai offices.

“The firm promoted these partners through its performance management system. The partners are Anand Laxmeshwar in the transaction tax practice in Mumbai, and from the NCR office, Sumit Singhania in the corporate international tax practice and Saurabh Kanchan in indirect tax practice. Lokesh Malik has been promoted to partner in the mergers and acquisitions (M&As) practice and Harkishan Bhatia takes the role of partner in the company’s risk and advisory practice,” BMR Advisors had said in a 2 May statement.

Domestic and international investors have for some time complained about excessive tax demands and a 2012 change in law resulting in retroactive tax demands.

Around Rs4-5 trillion is estimated to be locked up in litigation at various courts and appellate authorities.

The National Democratic Alliance (NDA) government has signalled the need for an overhaul of the tax regime, especially with the intent of making Indian corporate entities more competitive.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
SEO Services SEO LLC e-boost Search Engine Optimization Services Internet Marketing Services Website Placement Services On-site Webs

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