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The reduced tax rates and introduction of incentives to boost economic growth were approved by the President through the promulgation of Ordinance (Taxation Laws (Amendment) Ordinance 2019)...

Considering the challenges faced due to the ongoing pandemic, as well as many parts of the country facing partial lockdown, the Finance Minister of India has provided relief to the business and professional fraternity by once again extending the various due dates for compliances.

Over the last few years, India has become the preferred location for Global Capability Centres. Multinationals from the United States, Europe, Japan and Australia are setting up large captive units in Bengaluru, Hyderabad, Pune, Chennai and the Delhi NCR region, and these units now do much more than back-office support. They run product engineering, analytics, cybersecurity, finance operations, risk functions and, increasingly, AI and research work.

Transfer Pricing (TP) in India, was first introduced in 2001, in the Income-tax Act 1961 (the Act) and has seen various developments in the past two decades.

Gemological Institute of America Inc (the taxpayer) is a US-based company and has an Associated Enterprise (AE) in India named GIA India Laboratory Pvt. Ltd. (GIA India).

Fees paid under distribution agreements may be categorized and taxed as royalty payments if it involves incidental use of intellectual property.

Pursuant to PM Modi's announcement for the need of developing India into a ‘self-reliant' country, Finance Minister Nirmala Sitharaman made a slew of announcements on 13 May 2020.

The transfer pricing landscape in India has undergone a significant transformation over the last couple of decades, driven by the growing complexity of cross-border transactions and the need for greater tax certainty.

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 June 2023.

This article is intended to provide a simple understanding of transfer pricing (TP) provisions in India to those who have not yet been exposed to TP compliance in India.

Over the past few years India has emerged as one of the fastest developing country and has witnessed upsurge in the economic activities on the back of significant influx of foreign investments coupled with technological collaborations.

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 July 2025.

INDIA – The Indian Government vide Notification No. 88/2018 dated 18.12.2018 has finally implemented Country-by-Country Reporting (CbCR) filing requirements in terms of OECD guidelines.

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 March 2025.

India has evolved as a preferred destination for global firms over the years. In 2026, it’s no longer just an ‘attractive market’ anymore, but a jurisdiction where international companies are actively planning their next growth trajectory.

The Indian Transfer Pricing (“TP”) landscape is undergoing a significant shift. The transition to a new legislative framework signals a move toward administrative modernization, enhanced compliances, reduced litigation and ease of doing business

With a view to provide tax certainty and reduce litigation in the area of Transfer Pricing, Safe Harbour Rules were introduced in 2013.