Impact of new employment laws on business
N. Raja Sujith, Partner at Majmudar & Partners, and Sinjini Majumdar, Associate at Majmudar & Partners have authored a concise update...
New provisions on withholding tax and tax collection at source in India
India’s Central Board of Direct Taxes has issued Circular 17/2020 dated September 29, 2020 (effective October 1, 2020) (the “CBDT Circular”),...
Initiation of insolvency proceedings against personal guarantors: Indian courts freeze Anil Ambani’s assets
On November 15, 2019, the Indian government notified the commencement of Part III of the Insolvency and Bankruptcy Code, 2016 (IBC), which provides...
Yes Bank vs Zee: a curious case of comfort & guarantee
Introduction Letters of Comfort (LoC) have been issued by the promoters of various borrower companies to Indian banks, overseas branches of Indian...
The Post-COVID PE and VC investment scenario in India
COVID-19 is having an adverse effect on private equity and venture capital investments in India. As per industry reports and experts’ views, PE and...
Taxation of seconded employee salary reimbursements and permanent establishment impact
In the recent case of Yum Restaurants (Asia) Pte, the Delhi Income Tax Appellate Tribunal (Delhi Tribunal) has held that payments received by a...