For a long time the Indian tax community has bemoaned the unpredictability of the tax system. While the Direct Tax Code and a national goods and services tax, for example, promise to make things more stable, no one can claim to have a clear view of the future. Jack Grocott asks leading tax professionals to come up with some ideas about what might lie ahead.
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Richard Gregg is no longer fit and proper to be a tax agent, said the TPB; in other news, MHA completed its acquisition of Baker Tilly South-East Europe
Recent Indian case law emphasises the importance of economic substance over mere legal form in evaluating tax implications, say authors from Khaitan & Co
As we move into an era of ‘substance over form’, determining the fundamental nature of a particular instrument is key when evaluating the tax implications of selling hybrid securities