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The Hyderabad Bench of the Income Tax Appellate Tribunal recently ruled that "colourable" devices adopted to take undue benefit of law should be looked through to determine the real nature of the transaction...

The Indian Finance Minister Mr. Arun Jaitley announced India's 2016 budget proposals ("Budget") before the Parliament earlier today.

The business form of Limited Liability Partnership (LLP) became available in India when the Limited Liability Partnership Act, 2008 (LLP Act) ...

India's Union Budget for the fiscal year 2021-2022 was perhaps one of the most awaited budgets in the country. Coming close on the heels of a year characterised by a global pandemic and a plethora of

The structuring of consideration in a mergers and acquisitions transaction constitutes a critical element of deal architecture, particularly at the term sheet stage where commercial intent is translated into legally enforceable mechanisms.

*An eight-part series covering the commercial and legal considerations of REIT listings in India. Click here to read Part III.

Currently, each country has its own currency and it derives its value and trust amongst its users from the sovereign backing.

Welcome to the first edition of Focus on India, a round up of Mayer Brown's perspectives, news and events.

The Union Budget presents a roadmap to India's burgeoning future, including major economic reforms and incentives. We have summarized a few key amendments that may have an impact on foreign businesses or subsidiaries of Foreign Companies operating in India.

Research and development (R&D) in all fields is a costly affair, but more so in bio-technology, where molecules are first evolved, developed and then subjected to arduous and expensive clinical trials.

In a decision that significantly benefits foreign companies, the Authority for Advance Rulings has ruled that merger of two non-resident companies with underlying assets in India will not be liable to capital gains tax...

In light of the ongoing COVID-19 pandemic, the Government of India had provided relief to taxpayers by extending statutory and regulatory compliance timelines under various direct tax statutes...

When an owner of Unquoted share in a Company transfers the shares to any person, he is required to pay CGT on the difference between the sale consideration received by him and the cost of acquisition ...

With India's strong ties with Silicon Valley and its maturing tech and startup ecosystem, outside investments in Indian companies are becoming increasingly common.

Sec 194-IC is a withholding tax provision wherein it specifically deals with the deduction of tax at source (hereinafter referred as "TDS") on transfer of land or building or both by resident (hereinafter referred as "Act").

The assessee, a private limited company incorporated in Mauritius, acts as an investment holding company by investing in securities of Indian companies...

The Delhi High Court has recently held in the case of Cairn U.K. Holdings Ltd ("CUHL"), that a non-resident investor is entitled to the reduced 10% tax rate on long term capital gains3 fr om sale of listed securities off the floor of the stock exchange.