The last couple of years have witnessed a radical change in the Indian tax controversy landscape. Issues, which one would have thought are beyond the horizon a few years back, now occupy the most prominent space in the Indian tax controversy expanse. One such recent emergence is that of taxation of offshore transfer of shares of an overseas company. Arun Chhabra & Nidhi Gupta of Walker, Chandiok & Co investigate.
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The OECD had previously missed a June 30 deadline to agree an MLC on amount A; in other news, UK corporation tax bills surged to a record high last year