International Tax Alert - February 2017

February 2017

The Indian Tiffin XII

A bi-monthly publication from BDO India, "The Indian Tiffin" brings together business information, facilitating decision-making from a multi-dimensional perspective. The unique name of this thought leadership piece is inspired most literally by Indian tiffins, referring to home cooked lunches delivered to the working population by 'dabbawalas' – people who deliver the packed lunches (tiffins). In that same sense, the purpose of “The Indian Tiffin” newsletter is to deliver a variety of news to satiate your palate, from domestic and cross-border updates to India business perspectives. This issue covers:
  • India Economic Update by Milind S.Kothari, Managing Partner, BDO India LLP on Prime Minister Narendra’s announcement of the withdrawal of high currency notes in November 2016, and the unparalleled disruption in the economy that followed.
  • Learn about deal announcements in the M & A Tracker from Rajesh Thakkar, Partner, Transaction Advisory Services.  Hear about deals that were completed between November 2016 and January 2017, with an aggregated value of $6.32 billion, the sectors the deals came from, and targeted companies.
  • In the Featured Story, Rajesh Thakkar reflects on 2016’s Brexit, Donald Trump’s Presidential win, the demonetization of high currency by Prime Minister Narendra, and how India has a favorable economy and sits poised to be the fastest growing market globally.
  • The Guest Column feature with Ameya Kunte, Executive Editor, and Co-founder of Taxsutra, will touch on the Indian Revenue Service demonstration of their emphasis on strengthening non-adversarial regime, Advance Pricing Agreements, Mutual Agreement Procedures and Tax certainty.