While many were fretting over the government not budging on income tax slabs for the average salaried class others were lauding the Union Budget on being ‘a pro agriculture and rural economy’ one. It was a budget that garnered different reactions.
Now, let’s get down to the broader analysis and what it means for the masses, straight from our Nangia & Co LLP Team.
With each passing budget we have seen an increased focus of CBDT
towards addressing aggressive tax
planning strategies amongst group companies through innovative tax structuring. Notably in the last few Budgets, the Central Board of Direct Taxes (“CBDT”) has bought in significant changes in the Income tax law to restrict aggressive tax planning strategies by domestic and multinational corporations.
Here are Rakesh Nangia, Managing Partner and Amit Agarwal, Partner
sharing their M&A wishlist from Budget 2018 for ET-CFO.