Ravi S. Raghavan
Partner, Tax and Private Client Group
Ravi S. Raghavan has more than 25 years of experience in corporate tax advisory work, business re-organizations, international taxation (investment and fund structuring, repatriation strategies, treaty analysis, advance rulings, exchange control regulations, FPI taxation), tax litigation services and other tax issues (including withholding taxes, capital gains tax, permanent establishment concerns, employee taxation, and tax holiday schemes).
Rankings & Credentials
- Investment Structuring and Repatriation Strategy
- Corporate Tax Advisory and Litigation
- Fund Formation
- Financial Services and Insurance
- Technology
- Pharmaceuticals and Life-Sciences
- B. Sc. (Chemistry), Guru Nanak Khalsa College, University of Mumbai
- LL. B., D. G. Ruparel College of Arts, Science and Commerce, University of Mumbai
- LL. M., D. G. Ruparel College of Arts, Science and Commerce, University of Mumbai
- Master of Management Studies, University of Mumbai
- India
- Bar Council of Maharashtra and Goa
- Friends of IBFD – International Tax Group
- International Tax Planning Professionals Group
Recent Transactions
- Advised Nippon Soda Co., Limited on complex Indian tax and structuring issues in relation to the launch of a business platform in India.
- Advised Grab, Inc., Singapore, on the tax aspects of establishing a limited liability partnership in India.
- Advised Builder Homesite, Inc. on tax structuring, intermediate holding company structures and transfer pricing issues in relation to acquisition of Indian entities.
- Advised Lumiata, Inc. on Indian transfer pricing and permanent establishment issues in relation to its Indian subsidiary.
- Advised Baidu (Hong Kong) Limited on tax issues in relation to the establishment of a subsidiary in India.
- Advised NantHealth Inc. on tax issues in relation to the sale of its Indian subsidiary to Allscripts Healthcare Solutions, Inc.
Articles
India’s Budget 2024-25 – Key Highlights
Download .pdf Introduction India’s Union Budget (the “Budget”) was announced on July 23, 2024, and the Finance Bill, 2024 (the “Finance Bill”) was tabled in Parliament. The Finance Bill will be discussed in Parliament before its enactment, and it is likely that...
Impact of India’s General Anti-avoidance Rules on transactions
Download .pdf Overview In the Ayodhya Rami Reddy Alla (the “Taxpayer”) case, the Telangana High Court (the “THC”) held that, while considering a tax avoidance device, the proper way to construe a taxing statute is not to ask whether the provisions should be construed...
Telecom entities have no obligation to withhold tax on discounts offered through distributors
Download .pdf In a recent ruling in the Bharti Cellular Limited case (the “Taxpayer”), India’s Supreme Court has held that because a “principal-agent” relationship does not exist between the Taxpayer and the distributor, the discounts offered by the Taxpayer on SIM...
Indian tax implications in cryptocurrency transactions
Download .pdf India’s Finance Minister introduced a specific tax regime for virtual digital assets (“VDAs”) in the Finance Bill 2022. Section 2(47A) of the Income-tax Act, 1961 (the “IT Act”) was brought in and defines VDAs to mean any information or code or number or...
India’s Supreme Court treats telecom licence fees as a capital expense – major pain ahead
Download .pdf In the Bharti Hexacom case, India’s Supreme Court (the “SC”) has held that the variable licence fee that was paid annually by telecommunication companies (the “Taxpayers”) to the Department of Telecommunications (the “DoT”) under the New Telecom...
Angel tax valuation rules notified
Download .pdf By its notification dated September 25, 2023, the Central Board of Direct Taxes (CBDT) has amended Rule 11UA of the Income-tax Rules, 1962 (the “IT Rules”) which provides the manner of computing the fair market value (“FMV”) of unlisted equity shares and...