Further exemptions on long term capital gains in India
Background Under the existing provisions of section 10(38) of the Income-tax Act, 1961 (the “IT Act”), income arising from the transfer of a...
India: Cross-border merger provisions notified
Introduction The erstwhile Companies Act, 1956 (the “1956 Act”) contained provisions for the merger of a foreign company with an Indian company but...
Target test exemption under India’s merger control regime tweaked
Introduction The Competition Act, 2002 read with the Competition Commission of India (Procedure in Regard to the Transaction of Business relating to...
Delhi tribunal affirms tax on indirect share transfers deriving value from assets in India
Background Under the provisions of the Income-tax Act, 1961 (the “IT Act”), the income of a non-resident is deemed to accrue or arise in India,...
Important changes ushered in by India’s new trademark rules
Introduction On March 6, 2017, the Government of India (the “Government ”) notified the Trade Marks Rules, 2017 (the “2017 Rules ”), which replace...
India: The dawn of a new era in remedies for consumers
Introduction Consumers in the real estate sector, particularly the residential real estate sector, often find themselves locking horns with builders...