Taxation

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Transfer Pricing in India

An introduction to the 5 Transfer Pricing Methods

Transfer Pricing Methods

Multinational enterprises and tax authorities can apply a variety of methodologies to determine an appropriate arm's length transfer price for transac...

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Transfer Pricing in India

Transfer Pricing Audit and its Regulations in India...

Transfer Pricing Audit

With the liberalization of trade and foreign exchange policy beginning in the year 1991, India has begun to integrate its economy with the global economy....

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Latest News Taxation

A Taxpayer has a vested right to personal hearing: Delh...

Right to personal hearing

The Delhi High Court, in the case of Bharat Aluminium Company Limited v Union of India and Ors, ruled that an assessee must be given a reasonable opportuni...

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Transfer Pricing in India

A Guide to Transfer Pricing Regulations in India

A Guide to Transfer Pricing Regulations in India

As multinational corporations become more involved in economic operations in the country, new and complex challenges have arisen as a result of transaction...

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Income Tax Taxation

Interpretation of the word ‘Deductible or Collectible...

Interpretation of the word ‘Deductible or Collectible’ to Determine Advance Tax Liability

In a recent case of Director of Income Tax, New Delhi Vs. M/s. Mitsubishi Corporation, the Supreme Court (SC) ruled that for years prior to the fiscal year...

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Taxation

Service Tax Not Leviable on Goods Component of Composit...

Service Tax Not Leviable on Goods Component of Composite Works Contract in Case VAT Already Paid

In the case of Touchstone Infrastructure & Solutions Private Ltd. Vs. Commissioner of Central Taxes and Central Excise (CESTAT Chennai), it was decided...

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Taxation

Assessment orders cannot be passed under Section 153A o...

Assessment orders cannot be passed under Section 153A order if no incriminating material is seized

In the caselaw of Smt. Smrutisudha Nayak vs. Union of India & Others [W.P. (C) Nos. 10587 of 2009 dated October 27, 2021], the Honourable Orissa High C...

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Taxation

Tax Implications of Sale of Immovable Property by Non-R...

Tax Implications of Sale of Immovable Property by Non-Resident Seller

Because of the extensive provisions of the Income Tax Act of 1961 regulating the taxation of non-residents, most NRIs are confused by the legal rules gover...

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