Corporate Restructuring- Decoding Goodwill & Slump-Sale Amendments - Course

Course Duration:
170 minutes comprising of 2 episodes

Course Background:
Finance Act, 2021 has brought significant changes in the tax laws governing taxpayers undertaking restructuring and deals. One such notable amendment is depreciation disallowance on goodwill which comes into effect from AY 2021-22, thereby having a pernicious effect due to virtual retroactive effect on the depreciation already claimed by the assessees in the Financial Year 2020-21. On account of this amendment, corporates may have to revisit proposed/in-process business restructuring plans – especially when depreciation on goodwill is one of the significant benefits considered. Another such noteworthy amendment is introduction of deeming fiction on fair value guidelines on transfer of capital assets to slump sale transactions. Slump sale is a popular and quick mode of structuring/ deal activity. These amendments will have far-reaching consequences for M&A and corporate restructuring.

What shall the course cover?
Against this backdrop, Taxsutra Neurons is delighted unveil Tax Wizard Gautam Doshi’s insightful course on “Corporate Restructuring: Impact of Finance Act, 2021 Amendments Relating To Goodwill & Slump-Sale”

In episode 1 of this course, Mr. Doshi has exclusively dealt with goodwill related amendments viz.,

1. Its impact on corporate restructuring,
2. Impact of past transactions, adjustment of opening balance, past unabsorbed depreciation,
3. Nitty-gritty surrounding tax depreciation/allowance of cost on purchased goodwill,
4. Importance of valuation & purchase price allocation math - amongst other open-ended issues

In episode 2 of this course, Mr. Doshi has dealt with slump-sale related amendments viz., amendments surrounding slump-exchange now at par with slump sale, introduction of fair valuation u/s. 50B (its impact analysis) etc.