Minimize bookkeeping cycles and build better financial processes for efficiency.
Enable each employee grow through adaptive & people-centric processes.
Transform cost centers into drivers of value, eliminating inefficiencies from the processes.
Synergize people, processes, and technology, making compliance a strong fundamental for business.
Channel financial data to bring out business and financial insights to enhance audits.
Enable organizations meet accounting needs through operational & technical expertise.
Build data-centric processes for the implementation of audit inspection activities.
Deliver custom audit services to navigate through complex compliance challenges.
Strengthen control procedures, standardize operating processes, and increase reliability.
Create smart governance frameworks that manage risks and stakeholder trust.
Streamline strategy and create growth opportunities to surpass financial goals.
Help organizations navigate the complex rules governing tax and transfer practices.
Turn leads into clients, build effective strategies, and improve brand visibility.
Simplify the complex cross-repository processes to develop a path to improvement.
Help organizations shore up liquidity and key check performance indicators.
Design and deliver software products & platforms, modernize existing processes.
Uncover business insights from data across processes and systems.
Automate business processes, embed analytics for real-time decision making.
Draw the roadmap for implementing solutions across diverse business functions.
The Finance Bill 2017 has proposed to introduce thin capitalization rules within the Income-tax Act (“ITA”) to curb companies from enjoying excessive interest deductions, while effectively being akin to an equity investment. This move would have a significant impact on investments into India through the debt route – both in respect of Compulsorily Convertible Debentures (“CCDs”) and Non-Convertible Debentures (“NCDs”) and External Commercial Borrowings (“ECBs”) as well which are widely used methods for funding into India. The Finance Bill proposes the introduction of Section 94B (“Thin Capitalization Rules”) to provide that where an Indian company or PE of a foreign company makes interest payments (or similar consideration) to its associated enterprise, such interest shall not be deductible at the hands of the Indian company/ PE to the extent of the “Excess Interest”.
As per the proposed Section 94B(1), these provisions will be applicable to: Borrower: either an Indian company, or a permanent establishment (“PE”) of a foreign company in India. However, these provisions will not be applicable if they are engaged in the business of banking or insurance. Lender: interest is paid in respect of any debt issued by a non-resident, being an associated enterprise (“AE”) of such borrower.
The definition of AE as provided under sub-section (1) and sub-section (2) of section 92A shall apply for the purposes of this section also.
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