Ravi S. Raghavan
Partner, Tax and Private Client Group
Ravi S. Raghavan has more than 25 years of experience in corporate tax advisory work, business re-organizations, international taxation (investment and fund structuring, repatriation strategies, treaty analysis, advance rulings, exchange control regulations, FPI taxation), tax litigation services and other tax issues (including withholding taxes, capital gains tax, permanent establishment concerns, employee taxation, and tax holiday schemes).
Rankings & Credentials
- Investment Structuring and Repatriation Strategy
- Corporate Tax Advisory and Litigation
- Fund Formation
- Financial Services and Insurance
- Technology
- Pharmaceuticals and Life-Sciences
- B. Sc. (Chemistry), Guru Nanak Khalsa College, University of Mumbai
- LL. B., D. G. Ruparel College of Arts, Science and Commerce, University of Mumbai
- LL. M., D. G. Ruparel College of Arts, Science and Commerce, University of Mumbai
- Master of Management Studies, University of Mumbai
- India
- Bar Council of Maharashtra and Goa
- Friends of IBFD – International Tax Group
- International Tax Planning Professionals Group
Recent Transactions
- Advised Nippon Soda Co., Limited on complex Indian tax and structuring issues in relation to the launch of a business platform in India.
- Advised Grab, Inc., Singapore, on the tax aspects of establishing a limited liability partnership in India.
- Advised Builder Homesite, Inc. on tax structuring, intermediate holding company structures and transfer pricing issues in relation to acquisition of Indian entities.
- Advised Lumiata, Inc. on Indian transfer pricing and permanent establishment issues in relation to its Indian subsidiary.
- Advised Baidu (Hong Kong) Limited on tax issues in relation to the establishment of a subsidiary in India.
- Advised NantHealth Inc. on tax issues in relation to the sale of its Indian subsidiary to Allscripts Healthcare Solutions, Inc.
Articles
India’s Budget 2022-23 – key highlights
Introduction India’s Union Budget (the “Budget”) was announced on February 1, 2022, and the Finance Bill, 2022 (the “Finance Bill”) was tabled in Parliament. The Finance Bill will be discussed in Parliament before its enactment, and therefore, it is likely that...
Changes to India’s Indirect Transfer Tax Provisions
Background The taxability of capital gains arising from the transfer of shares of a foreign company that derives substantial value from Indian assets (commonly referred to as an indirect share transfer) has been a litigative issue in India. In January 2012, in...
Can “other income” be taxed in India under the India-Mauritius tax treaty?
Facts Morgan Stanley Mauritius Company Limited (“MSMCL”) is a company incorporated in Mauritius and holds a valid tax residency certificate issued by the Mauritius tax authorities. In the financial year 2014-15, MSMCL invested in Indian Depository Receipts (“IDRs”)...
The state of play of cryptocurrency in India
In the past few years, cryptocurrencies such as Bitcoin, Ethereum, Binance Coin, Bitcoin Cash and Dogecoin have attracted users and investors alike. Originally meant to be a borderless payment mechanism, cryptocurrencies have emerged as a high risk-reward investment...
The importance of share valuation report in Indian transactions
In two interesting cases, one from the Delhi High Court and the other from the Chennai Income Tax Appellate Tribunal (the “Chennai ITAT”), the importance of a share valuation report in settling tax disputes has, once again, come to the fore. The Delhi High Court case...
India’s Supreme Court settles dispute on royalty tax withholding in India
With regard to an over two-decade-old software royalty tax dispute, India’s Supreme Court (“SC”) has ruled that software payments made by Indian end-users or distributors and resellers to overseas software suppliers are payments for sales and not for royalties....