"Manjunath Hegde is a qualified Chartered Accountant with around 5 years of Big4 tax experience and currently practising in Bangalore. Post his qualification as a CA, Manjunath has worked with EY and PwC, the Big4 consulting firms. During his stint with these firms, he has worked in the areas of Corporate & International taxation, direct tax assessment and litigation matters, FDI / Exchange control regulations, M&A transactions, Private Equity investment advisory, representations before RBI and handling investigations before Enforcement Directorate etc. He has advised various start-ups and MNCs on a range of tax and regulatory matters, including inbound and outbound investment structuring, Corporate restructuring, VC investment fund set-up, offshore holding company structures etc. He has assisted multinational and Indian clients across a wide breadth of sectors during his period with these firms. He also has an in-depth knowledege of the direct tax assessment and litigation matters, having supported various multinational companies and large start-ups in their litigation issues. He has represented before various Income-tax authorities during his stint with EY and PwC. He is currently practising in Bangalore with a focus on Direct tax and Regulatory matters."
Bracing for implementation of Section 206AB of Income-tax Act Finance Act, 2021 made certain sweeping changes in the provisions relating to tax deduction at source in order to enhance the current tax base and bring more taxpayers into the fold of tax compliances and reporting in the country. One such change with far-reaching implication was […]
1. Background: Finance Act 2020, has reduced withholding tax rates for fees for technical services under Section 194J of the Act to 2 percent from the existing rate of 10 percent. Memorandum to Finance Bill 2020, clarified that this amendment is introduced to reduce existing litigation on account of classification of services under section 194J […]
