- Client need
- A client with a leading position in the healthcare and financial services sought for an opinion on tax implications on their proposed reorganization which included amalgamation and liquidation of its subsidiaries.
- Our solution
- Provided a comprehensive memo outlining recommendations and solutions to the various queries raised relating to reorganization.
- The advice rendered by KNAV was substantiated with the legal literature, judicial pronouncements, recent tax developments (e.g. GAAR, PoEM, etc.) and its consequences.
- Elaborated the tax implications with regards to the various aspects involved i.e. capital gains and tax incidence thereon, explaining various ingredients of capital gain and its mode of computation.