Budget 2017 : Impact on Mergers & Acquisitions in India

The finance minister has announced his government’s intention to go ahead with

  • Intention to abolish Foreign Investment Promotion Board (FIPB)
  • Consolidation various Oil & Gas manufacturing and distribution public sector companies.
  • To list various central, state and railway PSUs.
  • To make joint venture in real estate project easier by matching/delaying capital gain tax payment till completion of the project.
  • Change in holding period for land and building to 2 years in line with unlisted shares.
  • Increasing period for set off of MAT tax to 15 years.
  • Continuous of carried forward loss for start ups and small enterprises in spite of substantial change in share holding and management.

Other significant changes are…Visit here to know more: Budget 2017 : Impact on Mergers & Acquisitions in India

 

HU Consultancy

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