Ideaforge opens to bumper listing; Nykaa sees beauty, fashion biz grow despite slowdownDronemaker Ideaforge had a stellar opening, with the stock nearly doubling in value from its issue price on both bourses. The lack of liste...
Big Four tax practices undergoing tech transformationThe Big Four professional services firms are undergoing a significant overhaul of their tax practices, shifting from traditional advisory m...
Extend transfer pricing timelines due to Covid: Multinationals and their tax advisors tell governmentSome of the tax advisors have also reached out to the finance minister and the Central Board of Direct Taxes (CBDT) in this regard. Transfe...
Focus back on 800 pending APAs as taxman attempts to ring fence revenuesAccording to two people in the know, the government has accelerated negotiations for about 800 Advance Pricing Agreements (APAs).
Transfer pricing disputes may return to haunt MNCs due to unavailability of dataThis year, the calculations on arms-length basis transactions and comparables have become tough due to unavailability of the data, say tax ...
Advance pricing pacts to reflect Covid reality: I-T department to MNCsAPA is a transfer pricing tool that dictates pricing mechanisms or margins to be maintained while dealing with an overseas parent or anothe...
Government reach out to multinationals and assure them fresh APAs could reflect Covid realitySeveral multinationals were worried about signing new APAs that have been one of the most successful tools to reduce litigation in transfer...
What to do with the additional cost incurred during Covid pandemic: Indian captives in a limbo“The issue is whether the resulting costs should be funded through trade transaction by the principal or through equity by the parent as an...
MNCs in a fix over ‘dual’ tax noticesRevenue dept's new move has stumped multinationals already fighting transfer pricing cases in India.
US MNCs asked to submit financial information in 10 daysThe directive puts firms including Google, Facebook and IBM in a spot because of the short notice.
CBDT to accept transfer pricing MAP sans ridersMultinationals from two important trade partners, France and Germany, would be the immediate beneficiaries of move.
Phased implementation of Ind AS may pose challenges: ReportSome companies will continue to follow Indian Generally Accepted Accounting Principles (IGAAP) as others are moving to Ind AS.
CBDT notifies secondary adjustment rule in transfer pricingThe Finance Act 2017 has inserted Section 92CE in the I-T Act to give effect to the secondary adjustment norms, which are based on OECD's t...
Under pressure, IT companies get some tax comfortTransfer pricing litigation arises when the profit margin charged by the Indian company to its overseas group company is disputed by author...
RSS chief Mohan Bhagwat wants Modi government to make 'perceptional correction'First there were 70 who took charge of each assembly constituency. They sent us reports of infighting and how party workers were divided an...
Narendra Modi government tells RSS chief Mohan Bhagwat to keep a check on conversion hype“The Sarsanghchalak knows that the Narendra Modi government has to perform for the Sangh agenda to succeed,” said a BJP leader.
RSS to get its space in Narendra Modi’s governmentFormer BJP president Nitin Gadkari has been tasked with seeking opinion from party leaders and communicating it to both Modi and the RSS.