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.
1. Chirag Nangia, Director shares his views on aforementioned story for following publications:
In January this year, the investigation wing of income tax department unearthed a racket of incorrect/ fraudulent tax refunds by employees of information technology companies based in Bengaluru, in alleged connivance with a tax advisor. Similar other incidents were also reportedly found in other locations across India.
Shailesh Kumar, Director- Direct Taxation contributed an article on Income Tax department turns heat on salaried taxpayers; warns against false claims for Financial Express.
We are proud to be associated with Assocham on ICDS workshop as a knowledge partner to the event. The seminar will gather eminent speakers to discuss the provisions of ICDS, its interplay and impact of the recent amendments in the Act.
Prateek Agarwal, Partner- Audit and Assurance and Shalu Kedia, Associate Director will share their insights on ICDS IV, V &VI.
Day & Date
Time
Venue, City
Friday,
11th May, 2018
10.00 am – 4.30 pm
Hotel The Royal Plaza
19, Ashoka Road, Janpath, Connaught PlaceNew Delhi- 110001
The following topics would be covered in the exhaustive Workshop:
Technical Session- I
ICDS I: Accounting Policies
ICDS II: Valuation of Inventories
ICDS III: Construction contracts
Technical Session-II
ICDS IV: Revenue recognition
ICDS V: Tangible fixed assets
ICDS VI: Effects of changes in foreign exchange rates
When you purchase a house jointly with your wife or any other relative, make sure that the proportion of ownership is defined at the time of registration. It will ensure that the tax liability is in proportion to percentage of ownership. Also, both the owners can take the tax benefits based on their share in the house.
Shailesh Kumar, Director- Director Taxation shares his views on aforementioned story for Business Standard.
