If a partner’s contribution attracts tax, the manner in which the investment is structured could be significantly different as the contributing partner would require funds initially to meet the income tax liability. Devoid of such liability, partners would be free to structure the transaction as per their commercial negotiations.
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Kumarmanglam has extensive experience in matters relating to direct and indirect taxation (including international taxation, transfer pricing, litigation and M&A tax), Accounting, and Corporate Law including mergers and acquisition, joint ventures, foreign investments, market entry strategy, and corporate restructuring.