Taxsutra – The doorway to tax science
05th, October 2017 - Startup Event
As dubious and perplexed it may appear, taxes are equitably influential and on every person’s mind round-the-clock. Every enlightenment on tax makes the society mindful and receptive on its functioning. Such prevailing real-time updates, income-tax rulings, live coverage and global news on taxes are administered by Taxsutra. To make informed decisions and regulate the entire tax framework, Taxsutra endeavours all the tax practitioners and trails the developments in the Income Tax Department, Central Board of Direct Taxes (CBDT) and Finance Ministry, including rulings from Income tax Appellate Tribunal, AAR, High Court and Supreme. It also includes discussion forums, expert opinions and prescriptive measures, white papers and interactive sessions, which makes Taxsutra one of the preeminent tax content sources
Taxsutra, the treasured repository for relevant content, was established in January 2011 by a group of adept and accomplished tax professionals Arun Giri, Ameya Kunte and Arun Anant, backed by media. Arun Giri’s advancement in the tax sector has been relied upon instinctively, for his shrewd skills as a chartered accountant with an overall and well-informed experience of 7 years as a broadcast journalist at CNBC TV18 and Bloomberg UTV. He has been the talk of the town for breaking massive stories such as the $6bn Hindalco - Novelis deal, $1bn Suzlon - RePower deal, HDFC Bank - Centurion Bank of Punjab merger etc. Ameya Kunte has predominantly been a tax advisor to many Indian and multinational companies. He is another specialist in Indian income tax, international tax and exchange control laws with an experience of 7 years in notable international firms such as Ernst & Young (E &Y) and PricewaterhouseCoopers (PwC). It is Arun Anant’s marketing and media plan of action that has contrived Taxsutra as one of the leading startups, with a valuable experience of 20+ years with global outstanding firms such as UTV News Ltd (Bloomberg UTV), Bennett Coleman & Company Ltd, IRIS Ltd, Lintas Worldwide (Lowe & Partners) and Hindustan Petroleum Corporation Ltd.
Taxsutra.com equips tax pertinent perks with regards to developments and contemporaneous updates on direct and indirect taxes and unrestrained access for the whole year by opting for Subscription. Subscription can be pigeonholed into Indian Transfer Pricing module, Central Indirect Taxes and examination on Direct Taxes. The Pricing Portal (TP) offers traits ranging from meticulous research topics specific to TP, Case Tracker which tracks on-going TP Litigation in India and abroad, international judgements and rulings based on TP, expert opinions and prospects on TP, Advance Pricing Agreement (APA) news and updates based on appropriate Pricing methodologies, TP Rulings around the world with global debates and glimpses. The one’s heedless on Indirect taxes such as service tax, Excise, Customs and Foreign Trade Policy can refurbish their knowledge on the same and revel in complementary updates on VAT, though not being a part of the subscription. Moreover, the TP portal gives its target audience a platform to express one’s thoughts and views, write comments on the news being portrayed and also share it straight away to one’s social networking site such as Facebook, Twitter, etc.
International Tax Coverage from IBFD is another benefit of Taxsutra.com. IBFD exemplifies the International Bureau for Fiscal Documentation, which supplies information concerning tax laws and ways to trigger its development. IBFD portal comes as an intriguing cross-border for the tax devotees with a wide assortment ranging from Books, e-books, an integrated interface to IBFD & International Tax trainings. Tax neophytes and adroit learners can opt for selective journal articles from a plethora of topics by just paying for that chosen article. The IBFD portal also enlightens its enthusiasts for its upcoming tax akin events. The interested revenue professionals, tax experts & corporate representatives can register for diversified international events and meet around 500 other delegates, which in turn helps broaden their network scale
The growth of Taxsutra as a tax information portal has been economically backed by investors, V Balakrishnan and T V Mohandas Pai, former board members and CFOs of Infosys. Till date, Taxsutra Services Pvt Ltd has raised Rs 2.5 crore in its third round of funding from its existing investors. It is the belief of its co-founder Arun Giri to raise the standards of Taxsutra over the years in the digital information space, with the valued support of its investors’ product ideas and upbringing strategies. The first funding of this startup was executed by a concealed investor of Rs. 50 lakhs in the year December 2012. Shareholders’ Balakrishnan and Pai bumped in its second contribution to Taxsutra in February 2015 amounting to Rs. 1 crore.
Taxsutra, the market leader for tax insights and productive analysis, runs six leading online B2B subscription based portals with a proficient team of 40 professionals and more than 3000 paid subscribers. This startup has led its way to success within a span of 6 years.
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