‘These 7 key proposals in Budget 2019 will have potential impact on merger and acquisition activities’

Money Control | Jul 14, 2019 at 8:21 AM
  • Budget 2019 exudes zeal and enthusiasm to mould a brighter and stable new India.
  • Ambiguity on applicability provision relating to taxation of deemed gift in the hands of non-residents is put to rest with the proposal of including deemed gift provisions under income deemed to accrue or arise in India.
  • The amendments proposed by the Finance (No. 2) Bill 2019 are in the right direction and meet some of the industry expectations.