India's Piramal Enterprises hit with nearly $172 million tax bill for pharma deal

Show Business and Finance Publications

Sun, March 2, 2025

[ Sun, Mar 02nd ]: manilatimes

Ellomay Capital Announces Execution of Project Fi .. greements for its 198 MW Solar Portfolio in Italy

[ Sun, Mar 02nd ]: Forbes

AI And Automation: Threats And Opportunities For White-Collar Professionals

[ Sun, Mar 02nd ]: Tuko

Iran lawmakers sack minister over economic woes

[ Sun, Mar 02nd ]: MSN

Figure's humanoid robots will handle your chores this year

[ Sun, Mar 02nd ]: Reuters

'Fearless Girl' statue sponsor State Street drops boardroom diversity targets

[ Sun, Mar 02nd ]: MSN

A millennial with a $5,000 side hustle portfolio explains which gigs are fun and easy

[ Sun, Mar 02nd ]: manilatimes

CGTN: How did China lay a good foundation for 2025 economic development

[ Sun, Mar 02nd ]: MSN

A Lockheed exec tells BI what's needed to fix the F-35's biggest problems

[ Sun, Mar 02nd ]: MSN

Nation announces controversial changes to major i .. try: 'Significantly changed business environment'

[ Sun, Mar 02nd ]: news24online

India's GST Collections Soar 9.1% To Rs 1.84 Lakh Crore In February 2025

[ Sun, Mar 02nd ]: MSN

Over 2,000 attend 20th annual Marshall County Chamber Business and Health Expo

[ Sun, Mar 02nd ]: Yen

High-stakes father-son feud rocks Singapore property giant

Sat, March 1, 2025

[ Sat, Mar 01st ]: SunLive

Government struggles with lack of visibility

[ Sat, Mar 01st ]: Newspoint

Tax: Till now you were taking tax exemption in th .. ve to go to the new regime, what is its process..

[ Sat, Mar 01st ]: Reuters

CK Hutchison plans $1 billion port investment in Pakistan, ministry says

[ Sat, Mar 01st ]: Kiplinger

The Golden Window: A Top Tax Strategy for the Right Retirees

[ Sat, Mar 01st ]: Forbes

Why Rigid RTO Mandates Cost More Than They Save

[ Sat, Mar 01st ]: JournalofAccountancy

Association's new CEO: 'I want to hear from members'

[ Sat, Mar 01st ]: AOL

9 High Paying Jobs for Americans Living Abroad in Europe

[ Sat, Mar 01st ]: CNET

Are You Getting Unclaimed Stimulus Money? Sorry, but It's Probably a Scam

[ Sat, Mar 01st ]: ProPakistani

SBP Announces Bank Timings for Ramadan 2025

[ Sat, Mar 01st ]: CNET

Tariffs Explained: What They Mean for You as Canada-Mexico Duties Start Next Week

[ Sat, Mar 01st ]: Kiplinger

Dealmaking Drives HEICO Stock's 100,000% Return

[ Sat, Mar 01st ]: AOL

It's 'economic blackout' day as campaign encourages Americans not to spend for 24 hours

[ Sat, Mar 01st ]: Kiplinger

Listed: Three Homes for Retiring in Portland, Maine

[ Sat, Mar 01st ]: CNET

Yes, You Can Claim Pet Expenses on Your Tax Return in These 4 Situations

[ Sat, Mar 01st ]: cnbctv18

Just-In-Time releases save India ?26,000 crore in interest: FM

[ Sat, Mar 01st ]: MSN

Zelensky says Ukraine still 'ready' for minerals .. eal with U.S. after Oval Office blowup with Trump

[ Sat, Mar 01st ]: Salon

Filing your taxes with a big-box chain? Here's what to know

[ Sat, Mar 01st ]: ProPakistani

Regulated for Growth - Licensing as the Cornerstone of the Digital Banking Revolution

[ Sat, Mar 01st ]: BusinessGhana

Fidelity Bank Wins Excellence in SME Banking Award at 2025 Innovation & Excellence Awards

[ Sat, Mar 01st ]: Vancouver

SFU's $80M supercomputer upgrade set to boost Canadian business

[ Sat, Mar 01st ]: Reuters

Blackstone CEO Schwarzman's pay and dividends top $1 billion in 2024, Bloomberg News reports

[ Sat, Mar 01st ]: MSN

The Week That Was: February 28, 2025

[ Sat, Mar 01st ]: financebuzz

5 Apps Like Dave [2025]: Get a Jump on Payday

[ Sat, Mar 01st ]: MSN

They Crashed the Economy in 2008. Now They're Back and Bigger Than Ever.

[ Sat, Mar 01st ]: MSN

AFPA Trust appoints three new ambassadors to support charitable initiatives

[ Sat, Mar 01st ]: cnbctv18

1,100 of 1,200 govt schemes now pay directly via DBT, says Finance Minister

[ Sat, Mar 01st ]: Reuters

Blackstone CEO Schwarzman's pay tops $1 billion in 2024, Bloomberg News reports

[ Sat, Mar 01st ]: AOL

The Upfront Summit, less than two months after the fires, draws tech's elite to Los Angeles

[ Sat, Mar 01st ]: Reuters

US regulators, in unusual move, raise concerns about new private credit ETF

[ Sat, Mar 01st ]: MSN

Is Berkshire Hathaway Stock Outperforming the S&P 500?

[ Sat, Mar 01st ]: Bankrate

Best brokerage account bonuses in March 2025

[ Sat, Mar 01st ]: manilatimes

SIMPPLE Ltd. Announces Transition of Chief Financial Officer

[ Sat, Mar 01st ]: cnbctv18

[ Sat, Mar 01st ]: Reuters

Bank Secrecy Act: Compliance Issues

[ Sat, Mar 01st ]: Indiatimes

March 2025 Leo Predictions: Love, Career and Finance Predictions

Fri, February 28, 2025

[ Fri, Feb 28th ]: MSN

Mayor Mike Duggan delivers $3B Detroit budget with tax cuts, DDOT boost, homeless outreach

India's Piramal Enterprises hit with nearly $172 million tax bill for pharma deal

//business-finance.news-articles.net/content/202 .. nearly-172-million-tax-bill-for-pharma-deal.html

Published in Business and Finance on Saturday, March 1st 2025 at 17:40 GMT by MSN
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

India's Piramal Enterprises said in an exchange filing on Friday that it had received a tax demand of 15.02 billion rupees (nearly $172 million) for the sale of its pharmaceutical business to Piramal Pharma in fiscal year 2021.

183x130/6825 Bytes

Piramal Enterprises, an Indian conglomerate, has been issued a tax demand of approximately $172 million by the Indian tax authorities related to its 2010 acquisition of a 51% stake in Piramal Imaging SA from Bayer Pharma AG. The tax notice, which includes penalties and interest, stems from the tax department's assertion that the transaction should be treated as a capital gains event rather than a share purchase, leading to a significant tax liability. Piramal Enterprises disputes this assessment, arguing that the transaction was structured as a share purchase and not a transfer of assets, and plans to appeal the decision. This tax demand adds to the financial pressures on Piramal Enterprises, which has been diversifying its business interests beyond pharmaceuticals into financial services and real estate.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/companies/india-s-piramal-enterprises-hit-with-nearly-172-million-tax-bill-for-pharma-deal/ar-AA1A0QIj ]