Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Tally On Cloud Tally on Cloud: Ready for the Daily Backup Requirement
Keep your Tally books accessible from anywhere while supporting your Rule 46(8) obligations. With daily backups configured on servers physically located in India, Tally on Cloud helps you maintain the backup arrangement required for electronic books of account under the Income-tax Rules, 2026. Move your Tally to the cloud with confidence.
Open DEMAT Account with in 24 Hrs and start investing now!
« Top Headlines »
Open DEMAT Account in 24 hrs
 Mock Test Papers Series - I & II for Students appearing in CA Foundation January 2027 Examination.
 Income Tax Rules 2026: CBDT Introduces Revised Form 161 for Penalty Waiver, Clarifies Misreporting Categories and Taxpayer Relief
 ITR Filing and Income Tax Audit Deadline Extended: 5 Critical Things Taxpayers Must Know
 Filing Belated ITR for AY 2026-27? Know Which Losses You Can Carry Forward and Which You May Lose
 CBDT Extends Tax Audit Report Deadline to October 21, ITR Filing Last Date to November 21 for AY 2026-27
 CBDT Extends AY 2026-27 ITR Filing Deadline for Tax-Audit Cases: New Dates and Key Compliance Details
 Foreign Assets Missing From Your ITR? Income Tax Department Opens One-Time Disclosure Window
 Tax Audit Deadline September 30: Why AIS, TDS and GST Figures May Not Match Your ITR and What Taxpayers Should Do
 Tax audit deadline September 30: Common mistakes taxpayers should avoid
 Your ITR says ‘verified’, but the refund hasn’t arrived? 5 reasons why your money could be stuck
 Missed the ITR Deadline but TDS Refund Is Due? Here’s How You Can Still Claim Your Money

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 2026 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting