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SMFG invests Rs 1,300 crore in its Indian unit to fuel NBFC growth

SMFG invests Rs 1,300 crore in its Indian unit to fuel NBFC growth
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Tax Authority Based In Delhi Lacks Jurisdiction On Withholding Tax Liability On Share Purchase Transaction: Delhi High Court Quashes Tax Demand Against Sumitomo

The Delhi High Court has deleted the tax demand against Sumitomo Mitsui Financial Group on the grounds of lack of jurisdiction.The bench of Justice Rajiv Shakdher and Justice Girish Kathpalia has.

Justice girish kathpaliaJustice rajiv shakdherHigh courtDelhi high courtSumitomo mitsui financial groupFullerton financial holdings pteInternational tax circleFullerton india credit company ltdFullerton financial holdingsAngelica investmentFullerton india credit companyDeputy commissionerIncome taxNew delhi basedFor petitionerShare purchase

SMFG India Credit Co Ltd (Formerly Fullerton India Credit Co Ltd ) reports INR 8,945 Mn Profit Before Tax (PBT) in FY23, clocks 10x growth in FY23 over FY22

The Indian financial sector witnessed a momentous deal in July 2021 when Sumitomo Mitsui Financial Group (SMFG) acquired a 74.9% stake in Fullerton India Credit

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SMFG said to face $670Mtax on Fullerton India deal

SUMITOMO Mitsui Financial Group (SMFG) Inc. is facing a 55 billion rupee ($670 million) tax bill from India on its roughly $2 billion acquisition of Fullerton India Credit Co., far outweighing what the Japanese lender has set aside, according to people familiar with the matter. The South Asian government’s tax…

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Japan s SMFG Nears $2 Billion Deal for Fullerton India

Japan s SMFG Nears $2 Billion Deal for Fullerton India
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Republic ofSan carlosNegros occidentalJun ohtaFullerton financial holdings pteTemasek holdings pteSumitomo mitsuiFullerton india credit coBloomberg sumitomo mitsui financial group incPt bank tabungan pensiunan nasionalRizal commercial banking corpMitsui financial groupSouth asianTemasek holdingsTabungan pensiunan nasionalChief executive officer jun ohta