Author
The author is Group Heat, Fox Mandal & Associates. He is a goal-focused attorney with 9+ years of experience in Corporate and Taxation laws. He has demonstrated considerable dexterity in corporate tax advisory on foreign investments, cross-border trade and service arrangements. He has also assisted in the tax structuring of corporates engaged in manufacturing and service sectors with cost and profit management through effective tax planning.
Nirmala Sitharaman, Union Minister of Finance and Corporate Affairs, in accepting offshore derivative instruments (such as PNs) as legitimate contracts for growing economic activity in the GIFT City International Financial Services Centre (IFSC) has brought PNs into even more prominence considering that income distribution on PNs is now tax-exempt
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