Tapping into the burgeoning BFSI market
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The Consumer & Retail sector is growing rapidly and is extremely dynamic. Due to constant disruption, managing business has become complicated and cumbersome.
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Our healthcare and life sciences advisory team brings together a combined experience of over 50 years to help businesses navigate through changes, new...
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At Grant Thornton in India, our automotive team works with a wide variety of clients to help them achieve their goals and increase shareholder wealth. Our...
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M&E practice encompasses team of dynamic professionals with deep technical knowledge and extensive experience of working across segments say television, print,...
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At Grant Thornton, we assist dynamic Indian businesses in the Real Estate & Construction sector throughout their business life cycle by offering robust...
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Income tax
Bidders for stressed assets face income tax hurdle
14 Nov 2017
"As of now, the I-T law provided the haircut from lenders is income under the IBC and it would be taxed accordingly. If there is any reduction in the interest rate by the lenders in the form of discounted debt instruments, by virtue of the provisions of Indian Accounting Standards (Ind-AS), the valuation in the financial statements will increase the company's profit. In such cases, if the company is under MAT, it will be subject to tax on such profits. This would create a double whammy,"
Riaz Thingna
Director, Grant Thornton Advisory Private Limited
This article appeared in Business Standard on 14th November, 2017.
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