News & Media 4th Feb 2022
Sumeet Agrawal, Associate Partner, Economic Laws Practice (ELP) have co-authored an article titled ‘Budget wish list to augment M&A activity’. In their article, Mitesh and Sumeet discuss several issues including:
-Carry forward of tax losses on the merger of a transferor company in the services sector
-Exemption for Merger of overseas investee company / overseas subsidiaries
-Abolition of buyback tax under section 115QA
-Reduction in the dividend tax rate
-Specific provision for taxability of Capital reduction under Income Tax Act
-Removal of income/asset threshold for conversion of Company into LLP
Read the detailed article: Click here
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