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Tribunal upholds taxpayer's contention of exclusion of indirect expenses for margin computation; verify data before considering a company as a comparable.

Transfer pricing is a term that is often heard in the world of trade and commerce. If you are looking to start a business, it is important that you know about the meaning of this term when you do so.

In 2019, many countries experienced a reduction in tax base and a decline in tax revenues due to economic developments.

Since the launch of Tax Street in 2019, we have garnered an avid readership and industry appreciation for the insights shared by our specialists in Direct Tax, Indirect Tax, and Transfer Pricing.

Under Indian Transfer Pricing regulations constituent entities of multinationals groups must file a Country by Country Report(‘CbCR')in India...

The budget speech of the Finance Minister in 2014 referred to the concept of range and use of multiple year data to align Indian Transfer Pricing regime with international best practices.

The Hon'ble Finance Minister presented the Finance Bill 2021 in an unprecedented environment of economic slowdown.

The Central Board of Direct Taxes (CBDT) vide Notification1 dated 9 August 2023 has extended the applicability of the Safe Harbour Rules under Rule 10TD of the Income-tax Rules, 1962 (the Rules) to Assessment Year (AY) 2023-24.

The Tribunal dismissed the appeal and cross-appeal of Revenue Authorities and the Taxpayer respectively as the matter in dispute was resolved in MAP proceedings

The proposed amendment is to take effect from 1st day of April, 2013.

Where should an Indian subsidiary of a European group have its immediate parent – in Greece or in Cyprus?

The Government of India ("GoI") has decided to give a breather to various multinational companies having business in India, from the aggressive tax administration in transfer pricing matters.

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 of...

We are pleased to present the latest edition of Tax Street – our newsletter that covers all the key developments…

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 ...

A flagship publication that captures key developments in the areas of Tax and Regulatory

Cummins Inc. is a foreign company, rendering services in respect of desktop/laptop software license and internet mail facilities to its Indian associated enterprises, i.e. CIL and CSSL which were paying IT charges provided by the taxpayer.