Taxing indirect transfers
Tax provisions on indirect transfers must be clear; Exemptions must be granted for intra group transfers; Valuation comparisons should be date specific Lately Zenobia Aunty has been very busy....
View ArticleGAAR Aftershocks
One fine Sunday morning, a father led his 10-year old son into the garden shed. Handing over a solid plank of wood, the father asked his son to hammer some nails in a straight line. Wanting to shine in...
View ArticleTransfer pricing on home turf
Zenobia Aunty recently met her CFO friend over tea. When she heard of the problems emanating from the domestic transfer pricing provisions, introduced in Budget 2012, she nearly fainted. From financial...
View ArticleWill there be clarity on tax issues relating to CSR spend?
In the midst of the many questions – will he or won’t he – all relating to whether our Finance Minister, popularly referred to as PC, will announce any tax sops during the ‘vote on account’...
View ArticleWe need to prepare more than annual budgets
Modi & Co have ended the coalition era and expectations from the new government are running high. Zenobia Aunty, being a hard task-master has set her expectations even higher than the...
View ArticleArun Jaitley's multiple caps: Corporate affairs and finance gel well
Zenobia Aunty has always had a soft spot for lawyers, probably because like her they are articulate (or on a less polite note – they have the gift of the gab). So as the mantle of the Finance...
View ArticleMSMEs are vital says Economic Survey 2014, but will Finance Bill propose...
The Economic Survey 2014, which was tabled in the Parliament today, by Finance Minister, Arun Jaitley has highlighted the importance of the Medium and Small Scale Manufacturing Sector (MSME) for our...
View ArticleBudget 2014: The hits & the misses
Zenobia Aunty was caught catching forty winks (well, she napped for nearly ten minutes) during the budget speech. One can’t really blame her, considering that our new Finance Minister, Arun Jaitley,...
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