Doing Business in India
In the first quarter of 2016 (January to March), we have witnessed over 600 deals valued at around USD 12.8 billion as compared to 690 deals valued at USD 11.8 billion in the corresponding quarter of 2015. M&As were at the forefront of deal-making activities throughout the first quarter with a strong interest from domestic and outbound activities. In this report, we analyse the deal-making landscape according to the deal type, we look at the top domestic and cross-border transactions, and also share our insights with a sector-wise analysis of the top deals.
On 30 March 2016, the Ministry of Corporate Affairs notified Indian Accounting Standards 18 and 11. These new Ind AS are in line with IAS 18 and IAS 11 and provide holistic guidance in areas that haven’t been addressed by accounting standards under Indian GAAP. In this issue, we discuss the key highlights of Ind AS 18 - Revenue Recognition and Ind AS 11 - Construction Contracts by providing a comparison with the existing revenue recognition standards under Indian GAAP.
The Union Budget 2016 proposed to levy to a new cess called the Krishi Kalyan Cess (KKC) for financing/promoting initiatives to improve agriculture and related activities on the value of taxable services provided. In this regard, there are many aspects that require clarification. In this alert, we have discussed these aspects through a set of Frequently Asked Questions (FAQs).