By Arunabh Choudhary, Nikita Chawla and Arjun Rastogi The taxation of indirect transfer of assets has been incessantly making headlines in the financial markets post the Supreme Court of India’s decision in the case of Vodafone International Holdings BV vs Union of India (2012) 6 SCC 613 (“Vodafone Case”). The Indian Government introduced the indirect transfer provision by way of the Finance Act 2012. Accordingly Section 9(1)(i) of the Income Tax Act, 1961 (“Tax Act”) was amended and made applicable with retrospective effect from 1st April 1961 (following the Supreme Court ruling in Vodafone Case.) Post the amendments introduced by the Finance […]
The post Clarifications on Tax Tracks: FPI and Indirect Transfers
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