Lakshmikumaran & Sridharan

Direct Tax

Indian court reinforces physical presence as cornerstone of service PE

The ruling excludes vacation and business development days from service PE calculations and confirms virtual services from abroad don’t count, potentially reshaping compliance for multinationals

Karanjot Singh Khurana, February 03 2026

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Understanding the beneficial ownership v. beneficial holding concepts

Jyoti Arora and Pragya Kaushik of Lakshmikumaran & Sridharan explore the ‘beneficial ownership’ and ‘beneficial holding’ concepts and answer the questions that are often asked in relation to their scope.

Jyoti Arora, September 14 2021
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Retracting the retrospective tax: Will India bury the ghosts that spooked investors?

V Lakshmikumaran of Lakshmikumaran & Sridharan discusses India’s tax levy on indirect transfers and why recent changes made by the government are a positive step forwards.

V Lakshmikumaran, August 16 2021
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Depreciation on goodwill: Final nail on the coffin by the Indian tax authorities?

S Vasudevan and Karanjot Singh Khurana of Lakshmikumaran & Sridharan explain why changes to the recording of goodwill will have far-reaching consequences on business acquisitions and reorganisations.

Karanjot Singh Khurana, July 28 2021

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