Tag Archives: Amit Agarwal

Walmart-Flipkart Deal: High stakes tax fight in India can’t be ruled out – Amit Agarwal

Flipkart founders Sachin and Binny Bansal may have to pay 20 per cent capital gains tax if they sell their shares in the company as part of the proposed deal with US retail giant Walmart, say tax experts. The Indian e-commerce major is in discussions to sell majority holding to Walmart and an announcement to this effect is likely to be made soon, sources close to the development said. 2.  Amit Agarwal, Partner shares his views on Walmart-Flipkart Deal: High stakes tax fight in India can’t be ruled out for Financial Express.   flipkart2

Transfer pricing once again comes to the fore for MNCs – Rakesh Nangia / Amit Agarwal

Aligning the Indian tax environment with global best practices and standards, the Central Board of Direct Taxes (CBDT) has yet again brought a change to transfer pricing documentation. Detailed transfer pricing rules have been issued for public discussions, which require MNCs operating in India to furnish documentation with respect to their worldwide operations, popularly known as Country-by-Country Reporting (CbCR) and Master File. Rakesh Nangia, Managing Partner – Co-authored by Amit Agarwal, Partner- Transfer Pricing contributed an article on Transfer pricing once again comes to the fore for MNCs  for Financial Express- Opinion page Transfer Pricing For MNCs - Rakesh Nangia

Taxman tightens reporting norms for MNCs- Amit Agarwa

The prolonged wait is finally over. Nearly 18 months after legislating the adoption of country-by-country reporting (CbCR) for multinationals, the CBDT has come up with draft rules in this regard, seeking to usher in a rigorous regime of compliance and disclosure for MNCs operating in India. Amit Agarwal, Partner shares his views on aforementioned story for Hindu Business Line- Front page/First story. Taxman Tightens Reporting - Amit Agarwal