E-PaperAdvance Pricing News
Tax department gets a ₹10,000 cr windfall from pact with MNCs
The gain is from a pact that lets MNCs negotiate how their profit margins for India are calculated for five yearsWhile the advance pricing agreement scheme offers tax certainty only within India, a bilateral or multilateral APA would offer relief to the company from double taxation as well
2 min read27 Jan 2020Transfer pricing: Advance pricing pact vs safe harbour provision
APA provides an opportunity to taxpayers to negotiate and finalise the arm’s length price of its intra-group transactions with the Indian tax authorities for a fixed periodSafe harbour provisions prescribe minimum return/price for a specified list of intra-group transactions
5 min read10 May 2019How advance pricing agreement helps India-Singapore business ties
Since its very inception, the advance pricing agreement programme has been a success in India as a dispute avoidance mechanism
7 min read16 Mar 2018Infosys signs agreement with US IRS, sees lower tax rate
The tax agreement is expected to result in reversal of tax provisions of about $225 mn made in the previous periods and boost Infosys basic earnings per share by about $0.10 for quarter ended 31 Dec
1 min read9 Jan 2018India-Korea revised tax treaty: APA with rollback provision from 1 April
Under revised India-Korea DTAA, taxpayers can file for bilateral advance pricing agreement, along with a rollback provision, for settling transfer pricing disputes
1 min read17 Mar 2017News in Numbers: 9 states declare drought so far
Distress in farm sector will affect rural demand and has the potential to fuel inflation in a few items like oilseeds because of lower output
2 min read25 Nov 2015Modi’s goal of a tax-friendly India faces the hurdle of manpower
Fewer than 20 officials face the complex task of working with hundreds of multinationals on pacts to avert tax rows, people familiar with the matter said
3 min read8 Jun 2015Tax concerns: many a slip between perception and reality
The government's scorecard on tax policy so far has certainly been good, but not bold enough to exorcise the spectres of the past
4 min read25 May 2015Deadline extended for filing of rollback provisions under advance pricing
Multinational companies who have filed applications for advance pricing agreements can now file their rollback applications by 30 June
1 min read1 Apr 2015I-T dept notifies rollback provision for transfer pricing cases
Jaitley had announced the scheme in his July 2014 budget speech but the rules were not notified as the department was waiting for the law ministry to vet them
2 min read17 Mar 2015Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared