Taxation

India Inc rushes for inter-se share transfer to beat tax

"To estimate the tax savings, one needs to know the cost of acquisition of the promoter’s shares, at which value they were transferred and what portion of the transfer would qualify as deemed income. A lot of that information is not publicly available.”

Radhika Jain
Director, Grant Thornton Advisory Private Limited

This article apeared in The Hindu Business Line on 1st April, 2017.