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

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