Ranked in 1 Practice Areas
4

Band 4

Tax

India

4 Years Ranked

About

Provided by Lokesh Shah

Asia-Pacific

Practice Areas

Tax and Private Client Practice

Career

Lokesh is a Partner in the Firm’s Delhi office and leads the corporate tax and private client practice at the Firm. He is a seasoned tax advisor with over 20 years of experience in advising on M&A tax, international tax, corporate tax, and transfer pricing. He has a proven track record in advising multinational corporations, PE funds, and a diverse range of clients on complex tax matters, including:

• M&A Tax: Structuring tax-efficient mergers, acquisitions, internal reorganisations, inbound-outbound investment, and divestitures.

• International Tax: Navigating cross-border transactions, treaty implications, and permanent establishment risks.

• Corporate Tax: Providing comprehensive advice on domestic tax issues, including tax optimization strategies.

• Transfer Pricing: Developing robust transfer pricing policies and documentation to mitigate risks.

• Private Client Services: Offering tailored tax planning solutions for high-net-worth individuals and families.

• Tax Litigation: Assistance in representing clients in tax disputes and appeals.

Lokesh has been ranked as a ‘Recognised Practitioner’ for Tax by Chambers & Partners Global Guide 2019 and Chambers & Partners Asia-Pacific Guide 2021. He has also been recognized for Tax by The Legal 500 Asia Pacific Guide 2024 & 2019.

Professional Memberships

Advocate (Mumbai University) and Chartered Accountant (Institute of Chartered Accountants of India).

Publications

Existing and new Tax Collection at Source (TCS) rates effective October 1, 2023 - Financial Express

Onshoring The Offshore – A Gift To Indian Innovators -Infolex

CBDT notifies amended Rule 11UA for valuation of unquoted equity shares and compulsorily convertible preference shares - Infolex

A Never-Ending Tax Saga of Capital Versus Revenue Expenditure - Infolex, Lexology, Mondaq

Telecom companies in a bind: SC holds variable license fees as capital expenditure - Economic Times

Startups Embrace Reverse Flipping Trend - Taxmann

Buy-back of securities - deemed dividend or capital gains? - Infolex

Can the vote-on-account Budget 2024 be a silver lining for the Indian economy? - Business Today

Interim Budget 2024 - Infolex

TRC - A Conclusive Proof of Residence? - Indian Business Law Review (IBLR)

Re-thinking inheritance tax for India as a modern economy - Infolex, Lexology

Union Budget 2024 - Infolex

Alternative Investment Funds - Overview of Tax Considerations - Infolex

Experience

20+ years of experience

Awards

Recognised

Chambers & Partners Asia Pacific

2021

Recognised

Chambers & Partners Global

2019

Recognised

The Legal 500 Asia Pacific

2019

Recognised

Global Business Insights

2019

Chambers Review

Provided by Chambers

Chambers Asia & Pacific

Tax - India

4
Band 4
Individual Editorial

Lokesh Shah is head of the direct tax practice at IndusLaw. He frequently advises domestic and international clients on aspects of direct tax, including corporate matters such as Series C venture capital funding.

Strengths

Provided by Chambers

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Key Sectors

Provided by IndusLaw

Family Offices and High Net Worth

Business and Professional Services