Akil Hirani, Managing Partner and Head of Transactions, has authored a critique on the Reserve Bank of India’s recent circular that restricts banks and NBFCs from making investments in Alternative Investment Funds who, in turn, have investments in companies in which banks and NBFCs have or had, during the preceding 12 months, a loan or investment exposure. This was published on moneycontrol.com.
US Fiscally Transparent LLC qualifies as a US Tax Resident
The Indian tax authorities have denied treaty benefits to fiscally transparent entities such as foreign partnership firms and limited liability corporations (LLCs) on the ground that such entities are not liable to tax in their home country and do not qualify as tax...