Legal Era – Budget 2021 – A Shift in India’s Litigation Landscape
“Death is not the end. There remains the litigation over the estate”. The above quote by Ambrose Bierce, a noted American journalist sums up the state of litigation in India. Litigation is an inherent component of any modern tax...
Bloomberg Quint – Budget 2021: Company Law Reforms on the Horizon
The Budget announcements made on February 01, 2021 have wide ramifications and significantly affect many segments of the economy. This column coves changes proposed in the Finance Minister (‘FM’) speech under the “Company...
Kluwer International Tax Blog- Budget 2021: India Defines “Liable to Tax” – Will It Facilitate or Fuel the Debate on Interpretation of Tax Treaties?
Mukesh Butani, Seema Kejriwal, Ajitesh Dayal Singh (BMR Legal) Introduction India’s 2021 Finance Bill proposes to add a definition of “liable to tax” in its domestic direct tax law. As per the definition, the term ‘liable to...
Bloomberg Tax – India’s Budget 2021—Expanding the Debate on Digital Taxes
“When digital transformation is done right, it’s like a caterpillar turning into a butterfly, but when done wrong, all you have is a really fast caterpillar.” This quote by George Westerman, from an MIT Sloan Initiative on the...
THE PRINT : Budget 2021 is taxpayer friendly — plugs abuse of welfare schemes, respects honest taxpayers
Finance Minister Nirmala Sitharaman has stayed in tune with the Narendra Modi government’s commitment towards making India’s tax regime taxpayer friendly. Importantly, tax slabs were left untouched and the widely anticipated...
MNE Tax: India’s Budget – Implications for the international business community
This article captures tax implications for the international business community, in so far as the proposed changes announced in India’s budget for financial year 2021-22. The budget has been widely appreciated and overall...
Budget 2021 provides clarity on India’s tax regime
The tax measures outlined in the Budget 2021 had the stated objective of providing greater clarity and making India’s tax regime transparent and efficient. “Doing the right things at the right time is the rope which binds the...
Budget 2021: MSMEs as the driver for Atmanirbhar Bharat
Introduction The Budget speech of the finance minister makes a declaration in para 82 that the government will “ensure faster resolution of cases”. Towards this end, the FM has announced that “NCLT framework will be strengthened,...
Budget 2021: Multiple amendments to change course of indirect taxes
The Finance Minister’s announcements on February 1, 2021 have been large and widespread. There are substantial changes in the text of tax laws which affect all classes of indirect taxes such a GST, Customs and even the no longer...
First Look: India’s Budget – A step towards clarity for foreign investor taxation
The Indian government today announced its budget proposals for 2021–22, including several key budget proposals that affect international taxation. The proposed amendments suggest that the government’s intent is to provide clarity...