Bipluv Jhingan

Associate in the Tax Practice at the Mumbai office of Cyril Amarchand Mangaldas. Bipluv specialises in various aspects of direct tax such as corporate tax, restructuring, and funds. He can be reached at bipluv.jhingan@cyrilshroff.com

Firm/Organization: Cyril Amarchand Mangaldas

Blogs: India Tax Law

Latest Articles

India Corporate Law

Implications of the Finance Bill, 2020 on INVITs, REITs and its Unitholders

By Kranti Mohan, Janhavi Seksaria & Bipluv Jhingan

February 10, 2020

The Finance Minister, Nirmala Sitharaman, presented the Union Budget 2020-2021 on February 1, 2020 and consequently, introduced the Finance Bill, 2020 (“Bill”) in the Lok Sabha. The Bill comprises the financial proposals, including taxation related proposals, to amend the provisions of the Income-tax Act, 1961 (“Income-tax Act”) for the financial year 2021. The Income-tax Act comprised provisions in relation to the taxability of, and exemptions available to, infrastructure investment trusts (“InvITs”) and real estate investment…

India Corporate Law

Part IV – Taxation of REITs in India

By S.R. Patnaik & Bipluv Jhingan

September 18, 2019

*An eight-part series covering the commercial and legal considerations of REIT listings in India. Click here to read Part III. The Government started putting in place a framework for taxation of business trusts even before the regulations governing Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) were notified by the Securities Exchange Board of India (SEBI). This was not without reason – progressive regulations and tax reforms have influenced the…

India Tax Law

Supreme Court Rectifies Mistake and Grants Benefit of Tax Exemption

By Ankit Namdeo & Bipluv Jhingan

March 19, 2019

To attract investment, industrial activities and improve economic development ,in certain states such as Himachal Pradesh, Uttaranchal, Sikkim and the states in the North-East, the Central Government has introduced a time-bound tax holiday, deducting 100% profit for the first five years and 25% of profits in subsequent five years under section 80-IC of the Income-tax Act, 1961 (IT Act). This tax holiday is available to enterprises that have set up new units or carried…

India Tax Law

ITAT Holds Conversion of Company into LLP to be a Transfer

By Kunal Savani & Bipluv Jhingan

December 11, 2018

The business form of Limited Liability Partnership (LLP) became available in India when the Limited Liability Partnership Act, 2008 (LLP Act) was enacted. Prior to this, businesses were organised as companies under the Companies Act. Small businesses find LLP to be a preferred form and since the LLP Act has a provision for conversion of a company into an LLP, many companies sought to convert to LLP. However, the question was whether such conversion would…

India Tax Law

Decoded: The Interplay Between Tax Law and the Insolvency and Bankruptcy Code

By Ankit Namdeo & Bipluv Jhingan

August 16, 2018

The Telangana and Andhra Pradesh High Court (High Court) in the case of Leo Edibles and Fats Limited v. TRO, Writ Petition No 8560 of 2018, has allowed the liquidation of assets of a company under the Insolvency and Bankruptcy Code, 2016 (IBC), despite the claim of the tax authorities that they have a charge over it, by virtue of having initiated attachment proceedings under the Income Tax Act, 1961 (IT Act). The High Court,…

Bipluv Jhingan

Implications of the Finance Bill, 2020 on INVITs, REITs and its Unitholders

Part IV – Taxation of REITs in India

Supreme Court Rectifies Mistake and Grants Benefit of Tax Exemption

ITAT Holds Conversion of Company into LLP to be a Transfer

Decoded: The Interplay Between Tax Law and the Insolvency and Bankruptcy Code

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