Desai Diwanji, Platinum buff steroid-maker Symbiotec with $48m Actis funds

Desai & Diwanji advised Indore-based steroids manufacturer Symbiotec Pharmalab, its promoter and 22 other shareholders in the Rs 292 crore ($48m) investment by private equity (PE) firm Actis Medal Sports for a 69.9 per cent stake. Actis was advised by Platinum Partners. Desai & Diwanji partner Rachna Jain, senior associate Nikhil Sachdeva and associate Nakul […]

NLS – TIOL Taxation Law Moot Court Competition (January, 2013)

NLS – TIOL Taxation Law Moot Court Competition (January, 2013) We write to you on behalf of the Moot Court Society of National Law School of India University, Bangalore. We are pleased to inform you that we will be organizing the First Edition of the National Law School – Tax India Online (NLS-TIOL) Tax Moot […]

What is charge of income-tax and how it is deducted from the source of income?

Income-tax Act, 1961 4 Charge of income-tax (1) Where any Central Act enacts that income-tax shall be charged for any assessment year at any rate or rates, income-tax at that rate or those rates shall be charged for that year in accordance with, and 1 [subject to the provisions (including provisions for the levy of additional income-tax) […]