Forthcoming changes to Indian tax law, such as the introduction of the Direct Taxes Code in 2012, and amendments to the use of limited liability partnerships for foreign direct investment, mean that taxpayers will have to rethink how they traditionally have dealt with tax planning for holding companies in India, believe Srinivasa Rao and Rajendra Nayak of Ernst & Young
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But businesses should remain flexible when choosing between internal and external resources to handle added ViDA complexity, ITR’s Indirect Tax forum also heard