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The past year 2018 has been a witness to some unforeseen economic challenges at the global level.

Various factors have been developed over the years to step up the scrutiny of transfer pricing arrangements. Overdue outstanding receivables is yet another area that has been in litigation.

As per the Minimum Alternate Tax (MAT) provisions under Section 115JB of the Income-tax Act, 1961 (the Act), the tax liability of a taxpayer would be higher of the (i) Tax liability of the taxpayer...

Netflix Inc (Netflix USA) operates on a subscription model where users gain access to a curated video-on demand content.

Transfer Pricing of Advertisement, Marketing and Brand Promotion expenses - An analysis of Delhi High Court ruling in the case of Sony Ericsson Mobile Communications India Pvt. Ltd.

This judgement clearly brings out the importance of the most critical element of any transfer pricing analysis, i.e. the use of comparable data for the purpose of benchmarking the controlled transaction.

The Indian Economic Survey presents a detailed analysis of our economy's performance during FY 2025–26, reaffirming that India stands for stability...

The Survey predicted that there is a 10-20% chance of a systemic shock - that may cause a repeat of the 2008 financial crisis in 2026. Financial and technological geopolitical stresses will promote one another.

The intricacies of cross-border transactions could overwhelm, as the process has to be planned from the perspective of transfer pricing and double taxation. Imagine a business group operating with two associated group companies-one each operating Overseas and in India. While the overseas firm searches prospects, finalizes clients, and secures orders, the Indian arm offers software, technical, and operational support. Despite running separate operations, both companies are owned by the same promoters who own and run both businesses. From a business standpoint, this setup works quite well.

Vaish Associates Budget 2019 presentation.

Currently, the due date for filing tax audit report and transfer pricing report is 31 October 2020 and for filing return of income for all the taxpayers is 30 November 2020.

COVID-19 has been declared as a pandemic, and there is no running from the demon! This pandemic has crippled the global economy, and its detrimental impact has spread rapidly.

We are pleased to present the latest edition of Tax Street – our newsletter that covers all the key developments and updates in the realm of taxation in India and across the globe for the month...

We are pleased to present the latest edition of Tax Street – our newsletter that covers all the key developments and updates in the realm of taxation in India and across the globe for the month...

Shelf Drilling Group companies had filed writ petitions with the Bombay High Court (HC), pleading that the limitation under Section 153(3) of the Income Tax Act, 1961 (the Act) read with the notifications...

Anmol Industries Versus the West Bengal Authority for Advance Ruling, Goods and Services Tax & Ors.

Global trade has increased after the globalization and as a result of it, multinational companies has started operating in different countries with country specific taxation laws and rates.