#TaxmannWebinar

#TaxmannWebinar #TaxmannUpdates #IncomeTax #IBC #IncomeTaxAct #MAT

📋 Coverage of the Webinar:
✔️ Key Sections
• Terms under IBC
• Approval of Resolution Plan under IBC – Section 31
• Distribution of assets under IBC – Section 53
• Nature of Income-tax liability under IBC
✔️ Interplay – IBC vs Income-tax
• Nature of Income-tax liability under IBC – Modification of Notices
• Income-tax implication under IBC
◦ Waiver of Loan
◦ Waiver of Interest
◦ MAT – Section 115 JB
◦ Change in shareholder u/s 79
◦ Amalgamation
◦ Demerger
◦ Conversion of Loan into Equity
◦ Deeming Provision
◦ Treatment of tax proceedings
◦ IBC has an overriding effect
◦ Filing of Return of Income
◦ Miscellaneous
✔️ Q&A Session
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📢 Speaker:
• Anil Chachra – FCA, LL.B., DIP IFRS [UK]
Mr Chachra has more than 16 years of experience in Corporate Taxation and Technical Accounting Advisory. Currently, he works as an Independent Consultant and specialises in Corporate tax advisory, M&A Tax, and Tax Litigation.
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00:00 Introduction
05:04 Key Sections
05:11 Terms under IBC
08:50 Approval of Resolution Plan under IBC – Section 31
12:30 Distribution of assets under IBC – Section 53
15:30 Nature of Income-tax liability under IBC
20:23 Interplay – IBC vs Income-tax
20:30 Nature of Income-tax liability under IBC – Modification of Notices
22:49 Income-tax implication under IBC – Waiver of Loan
26:10 Income-tax implication under IBC – Waiver of Loan – Erstwhile Law
35:03 Income-tax implication under IBC – Waiver of Loan – Amended Law
39:58 Income-tax implication under IBC – Waiver of Loan – U/s 194R
41:55 Income-tax implication under IBC – Waiver of Interest
42:46 Income-tax implication under IBC – Waiver of Loan – Accounting Treatment
44:10 Income-tax implication under IBC – MAT – Section 115 JB
47:29 Income-tax implication under IBC – Change in shareholder u/s 79
49:10 Income-tax implication under IBC – Amalgamation
51:42 Income-tax implication under IBC – Demerger
53:17 Income-tax implication under IBC – Conversion of Loan into Equity
54:44 Income-tax implication under IBC – Deeming Provision
55:55 Income-tax implication under IBC – Treatment of tax proceedings
56:36 Income-tax implication under IBC – IBC has overriding effect
58:13 Income-tax implication under IBC – Filing of return of Income
58:56 Income-tax implication under IBC – Miscellaneous
01:01:46 Q&A Session