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Ritu Shaktawat

Ritu Shaktawat

, Mumbai

Partner | Direct Tax

education

  • LL.B., CCS University (2013)
  • C.A., ICAI (2006)
  • B.Com. (Hons.), University of Delhi (2004)

Ritu Shaktawat is a Partner in the Direct Tax Practice Group in the Mumbai office. With over a decade in the profession, Ritu has advised clients in the areas of corporate taxation and international taxation including bilateral tax treaties and transfer pricing.   

She focusses on matters involving transaction tax advisory, structuring and documentation of domestic, cross-border and global M&A deals having an India leg; complex interpretational issues pertaining to income characterisation and permanent establishment (Indian taxable presence of foreign entities) aspects; taxation of EPC contracts; domestic business restructurings; taxability of the ever-evolving e-commerce business models; and funds taxation and documentation.

Ritu has been advising clients on recent additions to Indian tax law such as General Anti Avoidance Rules and Place of Effective Management which are new age issues and are becoming critical across jurisdictions. Over the years, Ritu has developed a deep understanding of transactional tax issues, which she supplements with cutting edge practical inputs. She was part of the team advising NTT Docomo INC in relation to its dispute with Tata. She advised Docomo on the taxability of the amount receivable under the arbitration award, assisted them in their negotiations with Tata and obtaining a favourable withholding tax certificate from the tax authorities.   

Expertise

Professional Affiliations

  • Bar Council of Maharashtra & Goa
  • The Institute of Chartered Accountants of India

Recognitions and Accomplishments

She has been recognised as a recommended lawyer by Legal 500 Asia Pacific 2019.  

Representative Matters

Ritu Shaktawat has represented and advised the following clients

Reliance Brands Limited

Advised on the acquisition of 100% of the share capital of Hamleys Global Holdings Limited (HGHL) from C. Banner International Holdings Limited.

HIL Limited (CK Birla Group)

Advised an Indian listed company of a large Indian conglomerate being a part of one of the first business families in India, on its strategic acquisition of Parador Holding GmbH, Germany to expand in the European market.

B9 Beverages Private Limited

Advised client which is involved in the business of manufacturing and selling beer under the globally renowned brand of ‘Bira 91’ on its structure from time to time.

Luxoft International Company Limited

Advised on acquisition of DerivIT Solutions Private Limited from resident as well as non-resident sellers.

A Dutch SPV (orphan / financing vehicle)

Representation before tax authorities in relation to exemption claimed under the India – Dutch tax treaty, which was granted after considering our submissions and effective representation.

Dhunseri Petrochem Limited

Advised on its equal joint venture with Indorama Ventures Public Company Limited to manufacture and sell PET resins for Indian domestic markets and for exports, which was structured as a business transfer through court process.

Gujarat Flourochemicals Limited

Advised on sale of substantially all of the operating wind farms of the Inox Group, one of the largest business conglomerates in the renewable energy sector.

Audax Group

Advised on acquisition of Mobileum Inc. which resulted in an indirect transfer of shares of latter’s Indian subsidiaries - Mobileum (India) Private Limited and Mobileum Technologies Private Limited.

Liquidhub, Inc

Advised on the deal involving acquisition of LiquidHub by Capgemini America, Inc by way of an offshore merger.

News and Events

Ritu Shaktawat has featured in the following news and webinars

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