CEO Budget Poll - A survey by CNBC-TV18, Dhruva Advisors and FICCI
January 2023
FICCI - Dhruva Advisors Business Survey 2021
June 2021
FICCI - Dhruva Pre-Budget Survey 2021-22
19 January 2021
FICCI - Dhruva Survey (Rebooting the Indian Economy - Industry Survey)
28 December 2020
FICCI - Dhruva Survey (Rebooting the Indian Economy - Industry Survey)
09 September 2020
FICCI - Dhruva Survey (Rebooting the Indian Economy - Industry Survey)
08 July 2020
FICCI - Dhruva Covid-19 Business Impact Survey
21 April 2020
Pre Budget CEO Poll - a survey by CNBC-TV18 and Dhruva Advisors
28 January 2020
CNBC TV18 - Dhruva Business Pulse CEO Poll
10 November 2017
Dhruva Advisors Singapore, High Commission of India in Singapore, Federation of Indian Chambers of Commerce & Industry (FICCI) and Singapore Indian Chamber of Commerce and Industry (SICCI) on India Union Budget 2023-24.
The Hon’ble Finance Minister tabled the last full Union Budget of this government for the fiscal year 2023-24 with the aim of steering the Indian economy over the next 25 years of Amrit Kaal – from India at 75 to India at 100. This is yet another year where the Government proposes to provide significant impetus to, inter-alia, infrastructure spend, digitisation and financial inclusion. The budget is in line with the vision of our Hon’ble Prime Minister to make India Atma Nirbhar and a digital giant. Here’s our webinar recording that summarises and discusses the highlights of the policy announcements and the tax proposals.
Link to the copy of the presentation and recording is available here:
Budget Analysis Session on the Union Budget 2023-24 | Kolkata
Dhruva Advisors LLP hosted a 'Budget Analysis Session on the Union Budget 2023-24' jointly with the Indian Chamber of Commerce (ICC) at Kolkata on February 02, 2023. The discussions included tax experts from Dhruva, key industry analysts and distinguished economist. The speakers deliberated and interpreted the budget’s impact on both direct and indirect taxes in India. The session was very well received by the participants.
Analysis of the Union Budget 2023-2024 | Kolkata
Dhruva Advisors in association with The Bengal Chamber of Commerce & Industry (BCC&I), organised a session on 'Analysis of the Union Budget 2023-2024' on February 02, 2023 in Kolkata and online. Mr. Dinesh Kanabar, CEO, Dhruva Advisors LLP and Mr. Aditya Hans, Partner, Dhruva Advisors LLP deciphered the Budget’s fine print on taxes and considered its industry-wide implications. The session also covered Economic and Industry Perspectives on the Budget followed by Panel Discussion on the Union Budget. The discussions included tax experts from Dhruva Advisors, key industry analysts and distinguished economist.
India Union Budget 2023-24 | Post Budget Analysis | Ahmedabad
On February 1, 2023, the Hon’ble Finance Minister announced the last Full Budget prior to the national elections in 2024. As mentioned by the Hon’ble Finance Minister in her speech: "This Budget lays a futuristic 'Amrit Kaal' for women, youth and marginalised communities, big public investment for infrastructure guided by PM Gati Shakti, productivity enhancement, energy transition and climate action and financing of investments."
Dhruva Advisors held an event wherein, senior professionals of Dhruva Advisors along with stalwarts under the tax, economy and industry provided a 360° analysis of the Budget proposal.
E-Conclave on 4 years of GST
ASSOCHAM and Dhruva organised an E - Conclave on 4 years of GST on 9th July 2021 discussing the key developments under GST regime and suggested best practices that industry should adopt during & post COVID-19.
The issues that were covered included:
Vivad se Vishwas Scheme
Dhruva Advisors LLP hosted an outreach programme garnering practical insights of 'The Direct Tax Vivad se Vishwas Bill, 2020' at Hotel Courtyard by Marriott, Ahmedabad on 6 March 2020.
Our Partners Mr. Vishal Gada and Mr. Sandeep Bhalla presented the topic. Several senior tax officials from the income-tax department also attended this programme and shared their views with the participants.
The programme was well received by the participants and concluded with exchange of thoughts amongst the attendees.
Institute of Chartered Accountants of India organizes a study course on multilateral instrument
The Western India Regional Council of the Institute of Chartered Accountants of India organized a study course on multilateral instrument. The multilateral instrument provides a mechanism to modify bilateral tax treaties and incorporates BEPS treaty related measures. From an India perspective, the multilateral instrument enters into effect from April 1, 2020.
Prashant Bhojwani was the speaker at the above study course on the topic of "treatment of transparent entities as per multilateral instrument"
Dhruva Advisors Singapore, Enterprise Singapore and Singapore Indian Chamber of Commerce and Industry (SICCI) on India Union Budget 2020
Dhruva Advisors, supported by Enterprise Singapore and Singapore Indian Chamber of Commerce and Industry (SICCI) hosted a webinar session on Feb 06th, 2020 to deliberate on the impact of the India Union Budget 2020 tax proposals on the foreign investors and the Indian economy.
Dhruva Partners - Mahip Gupta and Vishal Gada led the session and industry experts provided their in-depth insights on key policy and tax announcements.
Link to the copy of the presentation and recording is available here:
Union Budget 2020-21 Client Breakfast Seminar, Mumbai
The Union Budget 2020-21 was presented by the Finance Minister on February 01, 2020 and the Government rolled-out many far-reaching changes in provisions, that were finely nuanced. However as always there is a need for the provisions to be carefully analysed, implications discussed and way forward evolved.
Dhruva Advisors hosted a Client Breakfast Seminar on Tuesday 04, 2020 at the Four Seasons Hotel, Mumbai, sharing an in-depth analysis by Dhruva’s Experts on our interpretation of the Union Budget 2020-21.
Union Budget 2020-21 - Technical Discussion
Dhruva Advisors LLP hosted a session on ‘Union Budget 2020-21 - Technical Discussion’ at Radisson Blu, Ahmedabad on 3rd Feb 2020. Our Partners - Vishal Gada and Niraj Bagri presented their thoughts on the key proposal of the Budget. The session was chaired by Shri Saurabh Soparkar, Senior Counsel who also shared his thoughts on the Budget. The session was followed by a discussion with eminent industry representatives who shared their views and perspective on the Budget and its likely impact on the Indian economy. The session was well received by the participants and concluded with exchange of thoughts amongst the attendees.
Budget Analysis Seminar on the Union Budget 2020-21
Dhruva Advisors LLP hosted a "Budget Analysis Seminar on the Union Budget 2020-21" jointly with the Indian Chamber of Commerce (ICC) at Kolkata on 4 Feb 2020. The discussions were led by Aditya Hans, Ranjeet Mahtani and Basant Gadhyan. Impact and opportunities emerging from the Budget were discussed and our speakers deliberated with the industry leaders on practical considerations, insights and challenges on the proposed amendments. The session was very well received by the participants.
New Singapore Fund Structure - India & Singapore perspective
Dhruva Advisors recently hosted a breakfast session in Mumbai for the financial services industry, deliberating on the "New Singapore Fund Structure – An India & Singapore Perspective". This highly relevant and topical session was helmed by Dinesh Kanabar, Mahip Gupta and Punit Shah.
Do reach out to our specialists (punit.shah@dhruvaadvisors.com and mahip.gupta@dhruvaadvisors.com) for further insights on how we could be of relevance to your organization.
Seminar on 'The Taxation Laws (Amendment) Ordinance, 2019' and 'E-assessment Scheme, 2019' at Ahmedabad
Dhruva Advisors LLP hosted a seminar on 'The Taxation Laws (Amendment) Ordinance, 2019' and 'E-assessment Scheme, 2019' at Ahmedabad.
Our Partners Vishal Gada and Sandeep Bhalla presented these topics and engaged in a dialogue with industry leaders. The session was well received by the participants and concluded with the exchange of thoughts amongst the attendees.
Transfer Pricing and Indirect Taxes – A Coordinated approach
Dhruva Advisors LLP hosted a #seminar and panel discussion on 'A Coordinated approach between Transfer Pricing and Indirect Taxes' at Pune on Oct. 16, 2019. Our partners Rahul Mitra, Sudhir Nayak, Ranjeet Mahtani and Venkatachalam K presented this topic and engaged in a dialogue with industry leaders on practical considerations, insights and challenges in this harmonised approach between Transfer Pricing and Indirect taxes.
Impact and opportunities emerging from the Taxation Laws (Amendment) Ordinance 2019 were also discussed.
Conference on attribution of profits to permanent establishment
Rahul Mitra was invited to speak in the conference on attribution of profits to permanent establishment, organised by the Vienna University of Economics and Business on 14th October, 2019 in Vienna.
He participated in three of the panel discussions, namely – (1) Article 7 AOA vs Article 9 OECD/ UN; (2) Profit attribution to PEs and PE exemptions; and (3) Profit Attribution to Agency PEs.
Other speakers across the three panels included – (a) distinguished professors of the Vienna and other Universities, Dr Raffaele Petruzzi; Dr Alfred Stock and Dr Adolfo Martin Jimenez; (b) Veronika Daurer, Austrian IRS; (c) Hartmut Foster, German IRS; (d) Colin Miller, Swedish IRS; (e) Tax Partners of PwC Germany and Deloitte Austria, etc.
Direct Taxes – Getting Ready for a Makeover
Dhruva Advisors hosted a seminar on 'Direct Taxes – Getting Ready for a Makeover' for its clients on October 10, 2019, at Hotel Le Meridien in Gurgaon.
Our CEO, Dinesh Kanabar, along with partners, Vaibhav Gupta and Rahul Mitra presented and engaged in a conversation with CFOs and Tax Heads on the Tax Stimulus and Global Tax Trends, M&A – Recent Trends, and Planning Around Transfer Pricing.
Law Reforms by Modi Government for New India
Dinesh Kanabar spoke at an event hosted by the Hon’ble Minister for Law and Justice on Law Reforms under the present government. The Law Reforms, the legal profession and the judiciary have been under deep scrutiny. A lot has happened of late and the Minister was eloquent and elucidated impressively about the changes made, its impact and what more is in the horizon. Kudos to the organisers for a very well attended event at the prestigious Mumbai University Convocation Hall, with eminent dignitaries in the audience.
Dhruva Advisors LLP are happy to announce that Rahul Mitra has been awarded the "International Tax Contributing Author of the Year" (for transfer Pricing) at the prestigious Bloomberg Tax Awards held recently in London
The award was conferred for his contributions made over the last decade as the country reporter and member of the global editorial board of the magazine, "Transfer Pricing Forum", published by Bloomberg BNA; and also for a special article authored by him in 2018 on the topic of "Marketing Intangibles" in the international transfer pricing magazine published by Bloomberg Tax.
Direct Taxes - Getting ready for a makeover
Dhruva Advisors LLP hosted a seminar and panel discussion covering the "India Tax Landscape" and "M&A recent trends" at Ahmedabad.
Dinesh Kanabar, CEO and Partner Dhruva Advisors, along with other Partners, Vishal Gada and Mehul Bheda engaged in a conversation with Promoters, CFOs and Tax Heads on the Corporate Tax issues and challenges faced by the Indian industry.
Direct Taxes - Getting ready for a makeover
Dhruva Advisors LLP hosted a seminar and panel discussion covering the "India Tax Landscape" and "M&A recent trends" at the CONRAD Hotel, Pune.
Dinesh Kanabar, CEO Dhruva Advisors, along with his Partners, Vishal Gada, Sandeep Bhalla and K. Venkatachalam presented and engaged in a conversation with CFO’s on the Corporate Tax issues and challenges faced by the Indian industry.
Foreign Exchange Regulations related to Outbound Investments, External Commercial Borrowing (ECB) & Compounding of offences
Dhruva Advisors LLP arranged a breakfast session on "Foreign Exchange Regulations related to Outbound Investments, External Commercial Borrowing ('ECB') & Compounding of Offences" at Crowne Plaza, Ahmedabad, on Wednesday, 26th June 2019. The session was attended by executives from businesses across various sectors such as Pharmaceuticals, Power, Chemicals, Real Estate, FMCG, Textiles etc.
The session gave an opportunity to the executives to understand the key provisions, recent developments and compliance requirements of Foreign Exchange Regulations that need to be considered by every business while undertaking transactions pertaining to overseas investment and availing funds from overseas.
Mr. Vishal Gada, Partner at Dhruva Advisors LLP, provided meaningful insights about the recently introduced ECB Regulations and cautions to consider while availing ECB. Ms. Zeel Jambuwala, Principal at Dhruva Advisors LLP, shared her views and experience relating to overseas investment. She also discussed common contraventions under Foreign Exchange Regulations which ultimately lead to compounding of offences and provisions relating to this.
The session was well received by the participants and concluded with the exchange of thoughts amongst the attendees.
May 2023
Is the Government Pushing More VCs to Set Up Funds in India's GIFT City?
Entrepreneur, 26 May 2023
Will Angel tax amendments give start-up sector a much-needed shot in the arm?
Outlook India, 26 May 2023
Will selectively exempting 21 nations from Angel Tax net truly help the start-up sector?
Outlook India, 26 May 2023
Start-up investment from Mauritius, Singapore to come under new angel tax provisions
Telegraph, 26 May 2023
Mint, 26 May 2023
No angel tax on funding from 21 nations
Times of India, 26 May 2023
Angel Tax reforms provide clarity, but unlikely to boost capital inflow into Indian Startups
YourStory, 26 May 2023
Investors From 21 Nations Get Angel Tax Exemption
Bloomberg, 25 May 2023
India exempts several entities and countries from angel tax — details here
CNBC TV18, 25 May 2023
Mint, 25 May 2023
TCS on foreign remittances: Keep an eye on expenses to not bust the $250,000 limit: Sudhir Nayak
Mint, 24 May 2023
Deciphering the government’s 20% TCS order: A cash-flow hassle rather than an expensive problem
Economic Times, 23 May 2023
What Percentage Of Tax Will Help The Govt's Anti-Evasion Drive?
Business Today, 22 May 2023
View: A look into the potential of GIFT City & its development as a global financial services hub
Economic Times, 22 May 2023
Telegraph India, 22 May 2023
GIFT City – A gift for family offices?
Financial Express, 22 May 2023
Proposed angel tax norms: Start-ups may get a funding boost, say top VCs
Business Standard, 21 May 2023
Will Angel Tax amendments give start-up sector a much needed shot in the arm?
Outlook India, 20 May 2023
How angel tax provisions will attract global investments?
Mint, 20 May 2023
Should Govt Roll Back Recent Moves On International Credit Cards?
Business Today, 20 May 2023
Does The Govt Feel Travel Expense Is Wasteful Expense?
Bloomberg, 19 May 2023
20% TCS On International Credit Card Spends: Banks Watch For Impact On High-Value Customers
Bloomberg, 18 May 2023
RBI LRS Limit On International Credit Cards, 20% TCS: How Will It Impact You?
News18, 18 May 2023
Mint, 18 May 2023
Sebi’s micro-Reit proposals may let you own a slice of your office
Mint, 15 May 2023
FTP 2023: India’s tryst with foreign trade
Financial Express, May 14, 2023
Data mismatches to trigger notices under automated GST scrutiny, say experts
Mint, 13 May 2023
Dhruva Advisors views on the introduction of automated scrutiny module for GST returns
Mint, 12 May 2023
GIFT City unveils exciting global investment opportunities for HNIs
Mint, 09 May 2023
New UAE tax residency rules won’t help diaspora
Times of India, 05 May 2023
As higher TCS on foreign remittances to come into effect soon, should you remit the money now?
Mint, 04 May 2023
How policy amendments may impact telecom sector’s duty structure
Economic Times, 03 May 2023
April 2023
Major hurdle for investments in IFSC removed
Financial Express, 28 April 2023
Decoding remittance rule: You can’t accumulate wealth in form of bank balance outside India
Financial Express, 27 April 2023
Clarity on customs duty may boost local telecom gear manufacturing
Gadgets Now, 21 April 2023
Clarity on customs duty may boost local telecom gear manufacturing
Economic Times, 21 April 2023
Will 'Make in India' showpiece crash into a roadblock after WTO ruling?
Economic Times, 21 April 2023
Foreign angels – trouble in Indian paradise?
Economic Times, 21 April 2023
Foreign Trade Policy 2023 unveiled, govt breaks tradition of target year
Economic Times, 01 April 2023
March 2023
Lok Sabha passes Finance Bill, set to tax investors heavily from April
Economic Times, 24 March 2023
Not just debt funds – gold and international funds to also lose from Finance Bill amendment
Moneycontrol, 24 March 2023
Indexation benefits on debt funds will go away now
Moneycontrol, 24 March 2023
Finance Bill amendments: A story in memes
Moneycontrol, 24 March 2023
Lok Sabha Clears Finance Bill 2023,64 Official Amendments Introduced
Business World, 24 March 2023
Finance Bill: Asset managers flag taxation amendment on debt mutual funds
The Telegraph, 24 March 2023
Tax Bites: Here's why the new taxation rules on transactions can be a game changer
Business Today, 05 March 2023
February 2023
Key initiatives on tax administration side to take India up the ladder in EoDB rankings
Financial Express, 25 February 2023
Fixing the bleed: India is losing billions to GST tax evasion, and it needs to act fast
Economic Times, 16 February 2023
Tax uncertainty makes REIT, InvIT investors wary
Financial Express, 10 February 2023
CNBC-TV18 captures 88.2% relative share in English business news genre during the Budget speech
BestMediaInfo, 09 February 2023
New REIT, InvIT regime spells higher taxation for sovereign funds
Business Standard, 07 February 2023
Frostbite amid funding winter for start-ups: Experts rue angel tax
The Spuzz, 07 February 2023
More startups may opt for flip structure
Financial Express, 07 February 2023
Budget blow to IBC transactions; Finance Bill change may lead to tax on loan waivers
Financial Express, 07 February 2023
Govt Paves The Way For P-Notes In Gift City | Nirmala Sitharaman | Participatory Notes
Times Now, 06 February 2023
HNI investors: How the Budget impacts India’s richie rich
Economic Times, 05 February 2023
Budget very forward looking as a whole: ICC Director General
UNI, 03 February 2023
Budget 2023: 20% TCS may take sheen off investments in foreign stocks
The Spuzz, 03 February 2023
India Inc stares at higher debt cost with lower tax rate for FPIs set to go
Business Standard, 03 February 2023
Punit Shah of Dhruva Advisors discusses the roadmap of P-Notes implication
ET Now, 03 February 2023
Budget 2023: Consistency in tax provision and not too many nasty surprises
Economic Times, 03 February 2023
Budget 2023: 20% TCS may take sheen off investments in foreign stocks
Business Standard, 03 February 2023
ICC conducts Budget Analysis Session 2023
Biz News Desk, 02 February 2023
ICC Director General : Budget very forward looking as a whole
InsightsOnline News, 02 February 2023
Budget 2023: Multiple Misses For HNIs Offset Joy Of Lower Taxes
VCCircle, 02 February 2023
Dhruva Advisors – Views on MSMEs, Ease of doing Business, REITs / InvITs, HNI & Family offices
APN News, 02 February 2023
Frostbite amid funding winter for start-ups: Experts rue angel tax
Business Standard, 02 February 2023
REITs, InvITs may need to review income distribution modes as Budget widens tax bracket
Economic Times, 02 February 2023
Dhruva Advisors post-budget views on REITs / InvITs and HNIs & family offices
Livemint, 02 February 2023
Views on Impact of the budget on HNIs & family offices by Vaibhav Gupta, Partner, Dhruva Advisors
Livemint, 02 February 2023
Budget is quite positive for the HNIs
Economic Times, 02 February 2023
Great job in boosting growth with hiked capital outlays
Financial Express, 02 February 2023
Zee Business, 01 February 2023
Budget 2023 deals a body blow to market-linked debentures
Moneycontrol, 01 February 2023
Union Budget 2023: Tax Relief For Middle Class? Expert Tax Panel Share Their Expectations
MSN, 01 February 2023
Decoding Budget 2023-24 with Udayan Mukherjee
Business Today, 01 February 2023
Budget 2023 | Thrust is for everybody to move to new tax regime, says Dhruva Advisors
CNBC-TV18, 01 February 2023
Budget 2023: Capital Gains Tax Tweaks Could Puncture Ballooning Market-Linked Debentures
Bloomberg Quint, 01 February 2023
Dinesh Kanabar from Dhruva Advisors views on Budget
Livemint, 01 February 2023
Zee Business, 01 February 2023
January 2023
Subsidy for electricity, relief from rising prices among common man's key demands
Economic Times, 31 January 2023
CNBC-TV18 presents exclusive line-up for the Union Budget
AFAQs, 31 January 2023
Indices end flat amidst volatility; IT, Energy drag; PSU Bank shines
Live Mint, 31 January 2023
Financial Express, 30 January 2023
Budget 2023 | India’s top CEOs expect infra thrust to continue and more attractive IT regime
CNBC-TV18, 30 January 2023
CEO Budget Poll: Decoding Key Policy Thrust & Expectations From The Budget | CNBC-TV18
CNBC-TV18, 30 January 2023
Financial Express, 30 January 2023
Budget 2023 Expectations Updates: Income tax relief sought; Economic Survey 2023 tomorrow
Times of India, 30 January 2023
Sensex closes at 59,500, Nifty gains 45 pts; Energy sinks; IT shines
Live Mint, 30 January 2023
News 18, 29 January 2023
Financial Express, 29 January 2023
Financial Express, 28 January 2023
Indian Union Budget 2023-24 Expectations: Strengthen the Country`s Labour Reforms
Zee News, 28 January 2023
Budget 2023 Expectations Updates: FM Nirmala Sitharaman may bring cheer to middle class
Times of India, 27 January 2023
CNBC TV18, 27 January 2023
Budget 2023 Expectations Highlights: Govt may cut food, fertiliser, fuel subsidies next fiscal
CNBC TV18, 27 January 2023
India Today, 26 January 2023
Union Budget 2023 India Expectation Highlights: Crypto Community Asks For Reduction In Tax
CoinGape, 24 January 2023
Concessional 22% corporate tax rate still not popular
Financial Express, 24 January 2023
Focus on inverted duty structure in textiles and aluminium sectors
The Telegraph - 19 January 2023
Budget 2023: Foreign portfolio investors seeking clarity & parity on tax
Economic Times - 15 January 2023
Budget 2023: Wishes for the tax fairy
Economic Times - 10 January 2023
Impact Of 30% Tax On Crypto Assets A Year On, And Industry’s Expectations From Budget 2023
Outlook India - 07 January 2023
Many FPIs coming via tax-friendly countries asked to pay tax on dividend
Economic Times - 06 January 2023
GIS: Yogi’s Mumbai tour kicks off today
The Pioneer - 04 January 2023