Lokesh Shah

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