News & Media

Budget wish list to augment M&A activity

Feb 4, 2022

Mitesh Chauhan, Partner Sumeet Agrawal, Principal Associate of 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