Industries

Helping clients meet their business challenges begins with an in-depth understanding of the industries in which they work. That’s why KPMG LLP established its industry-driven structure. In fact, KPMG LLP was the first of the Big Four firms to organize itself along the same industry lines as clients.

How We Work

We bring together passionate problem-solvers, innovative technologies, and full-service capabilities to create opportunity with every insight.

Learn more

Careers & Culture

What is culture? Culture is how we do things around here. It is the combination of a predominant mindset, actions (both big and small) that we all commit to every day, and the underlying processes, programs and systems supporting how work gets done.

Learn more

India: Sales proceeds in escrow account not includable in capital gains (tribunal decision)

To the extent proceeds are ultimately actually received by the taxpayer, they would be subject to tax.

February 16, 2024

The Delhi bench of the Tribunal held that proceeds from a sale of shares in a company that were kept in an escrow account for meeting future liabilities of the company and were unlikely to be received by the taxpayer were not includable in the capital gains realized by the taxpayer on the sale. However, to the extent such proceeds are ultimately actually received by the taxpayer, they would be subject to tax.

The case is: Modi Rubber Ltd. v. DCIT

Read a February 2024 report [PDF 299 KB] prepared by the KPMG member firm in India

Thank you!

Thank you for contacting KPMG. We will respond to you as soon as possible.

Contact KPMG

Use this form to submit general inquiries to KPMG. We will respond to you as soon as possible.

By submitting, you agree that KPMG LLP may process any personal information you provide pursuant to KPMG LLP's Privacy Statement.

An error occurred. Please contact customer support.

Job seekers

Visit our careers section or search our jobs database.

Submit RFP

Use the RFP submission form to detail the services KPMG can help assist you with.

Office locations

International hotline

You can confidentially report concerns to the KPMG International hotline

Press contacts

Do you need to speak with our Press Office? Here's how to get in touch.

Headline