New rules of third-party insurance: Should you buy package or bundled policy now?For new buyers, there will be three options- Long-term package, bundled package, and a standalone TP cover.
New third-party motor insurance rules: Who pays more and what happens to NCBFollowing a Supreme Court order, the insurance regulator has asked all general insurance companies to offer long-term third-party motor cov...
Preventing BEPS by assuring transfer pricing outcomes are in line with "value creation"Actions 8-10 of the BEPS Action Plan relate to a number of closely related topics. These include the development of rules to prevent BEPS.
Shell evaded tax by undervaluing the share-sale deal by over Rs 15k crore"Share transaction between Shell India and its global parent can be scrutinised by income-tax department for violation of transfer pricing ...
Government plans to raise Rs 1 lakh crore via taxing cross-border dealsThe department has taken into account elements like 'marketing intangibles', expenditure incurred for building brand equity in India.
- Different transfer pricing method no ground for penalty: Income Tax Appellate Tribunal
TNMM is one of the five methods prescribed under transfer pricing rules of the I-T Act for computing income from cross-border transactions.
- Makeover for domestic transfer pricing
India has a relatively short history of transfer pricing (TP) legislation compared to some countries where this law is well developed.
- Finmin, CBDT told to amend transfer pricing norms
India’s TP rules currently cover cross-border transactions between related parties, such as the Indian arm of a foreign company and its ove...
- India, US end row over taxing captive units
India has settled a dispute over taxing profits of captive IT services units and research arms of US firms, bolstering New Delhi’s position...
- India, US end row over taxing captive units
India has settled a dispute over taxing profits of captive IT services units and research arms of US firms, bolstering New Delhi’s position...
- Surety for loan by foreign arm to attract tax here
An Indian company that provides a bank guarantee (BG) against a loan taken by a subsidiary abroad will now have to pay tax here for standin...
- Transfer pricing rules help I-T dept earn Rs 15k cr more
Transfer pricing (TP) rules that were put in place by the government in the 2001-02 Budget has helped the country’s direct tax regime to ea...
- TP rules likely to be finetuned
The government is likely to bring in major changes in transfer pricing (TP) rules to align with more mature jurisdictions such as US, UK an...
- Transfer pricing regime to cover all Rs 5 cr-plus deals
All cross-border transactions worth Rs 5 crore or more will come under the scrutiny of the transfer pricing regime, even if there is no pri...
- SEZ export obligation to attract tighter vigilance
The introduction of export obligation for units operating within SEZs equivalent to the purchases made by them from the domestic tariff are...
- SEZs to come under transfer price norms
These norms would ensure that units in an SEZ are not able to claim less revenue to earn tax exemptions.
- Cell to keep tabs on transfer pricing
Foreign companies may need to take note as the transfer pricing regime begins in India.