Round-up on Direct tax expectations/ clarifications and recent controversies

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Audio Webcast | Duration: 60 minutes


The Finance Minister, P Chidambaram has indicated that Budget 2013 will be a ‘responsible’ one and not a ‘populist’ one. Budget 2012 contained a number of far reaching proposals to amend the Indian Tax Laws (ITL), including introduction of General Anti-avoidance Rule (GAAR), and a number of clarificatory retrospective amendments, which includes amendments on taxation of indirect transfer of assets situated in India and cross-border software transactions. 
The webcast shall detail some of the industry expectations like incorporating the recommendations of the Expert Committee Report in the Finance Bill, rollback of certain retrospective amendments and  so on, while also discuss on some of the recent  debates like introduction of ‘Super Rich Tax’ / ‘Inheritance Tax’


Ravi Mahajan

Tax Partner & National Leader, Business Tax Services, Ernst & Young

Over the past 22 years, Ravi Mahajan has gained wide experience in direct (domestic and international) and indirect tax matters relating to multinational and domestic clients in a wide range of industries, especially Technology, Professional services, infrastructure, mining and oil and gas industry. His area of expertise include Inbound and outbound investment structuring, structuring cross-border transactions in the context of Double Tax Avoidance Agreements and other international tax planning tools. Ravi has spoken at and attended several seminars and conferences in India as well as abroad.