Before a significant transaction such as sale of property, transfer of business, joint development or reorganisation, it is useful to understand the income tax and GST consequences together, including TDS, stamp duty valuation interplay and documentation.
Tax opinion, Income Tax and GST
What the opinion covers
We review the draft documents and explain the tax consequences of each option, so that the agreement reflects the intended tax position.
Typical questions
- Slump sale or transfer of business
- Joint development agreements
- Sale of property or shares
- Family arrangements and gifts
Timeline
Agreed at engagement.
Information we need
- Draft agreements and term sheets
- Valuation reports, if any
- Past tax positions
How we work
- Review the proposal and documents
- Analyse the income tax and GST consequences
- Deliver the opinion with suggestions on documentation
Please note
- The opinion is limited to tax aspects. Legal drafting of agreements should be done by an advocate
What usually comes next
- Income Tax OpinionIncome tax opinions
- GST Classification & RateGST classification and rate
Frequently asked questions
Do you draft the agreement?
We advise on the tax clauses and consequences. The agreement itself should be drafted or vetted by your advocate.
Official sources
- Income Tax Departmentincometaxindia.gov.inActs, rules, circulars and the 1961 to 2025 section utility
- CBIC – GSTcbic-gst.gov.inCGST Act, rules, notifications and circulars
Received a notice or an order?
Call us to talk it through. Keep the notice and its response date handy.