Latest Expert Exchange Queries

GST Demo Service software link:
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Popular Search: Central Excise rule to resale the machines to a new company :: VAT Audit :: ACCOUNTING STANDARDS :: TDS :: ACCOUNTING STANDARD :: list of goods taxed at 4% :: VAT RATES :: cpt :: empanelment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TAX RATES - GOODS TAXABLE @ 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: due date for vat payment :: form 3cd :: articles on VAT and GST in India
Transfer Pricing »
 How advance pricing agreement helps India-Singapore business ties
  CBDT to accept transfer pricing MAP sans riders
 How transfer pricing documentation can make you a happier person
 Transfer pricing review and adjustments in Luxembourg
 Here is what Modi government can do for transfer pricing
 Transfer Pricing In International Transactions – An Overview
  Transfer pricing 2017 year-in-review
 New Transfer Pricing Regime to Regulate Documentation
  CBDT notifies secondary adjustment transfer pricing rules
  A web of requirements in transfer pricing regime
 Hong Kong bill would revise multinational firm tax and transfer pricing rules

Government asks I-T department to apply Vodafone principle on similar Transfer Pricing cases
January, 30th 2015

In what will be widely perceived as a sentiment booster for investors, the government has asked the I-T department to apply the principle behind a tax ruling involving Vodafone Group to all similar transfer pricing cases, an official letter seen by Reuters showed.

Reacting to the news, Dinesh Kanabar of KPMG India told ET Now, "Companies had held back investment on uncertainty in transfer pricing. Orders passed earlier will be rectified post government's decision." "I am happy that the government has proactively moved on transfer pricing cases," Kanabar added.

To avoid "fruitless litigation" and allay investors' concerns on tax issues, government had on Wednesday decided against appealing a court order that absolved Vodafone of Rs 3,200 crore tax demand in a transfer pricing case.

As Cabinet decided against challenging the Bombay High Court order in this matter, Telecom Minister Ravi Shankar Prasad had said the government wants to convey a clear and positive message to investors globally that it would be "fair, transparent and within the four corners of law".

"The government will not appeal in Supreme Court the October 10 order of the Bombay High Court in the Vodafone case," Prasad said after a meeting of the Union Cabinet.

The decision of not filing an appeal in the Vodafone case was taken at the highest level following advice by Attorney General Mukul Rohatgi.

Tax lawyers had said they expected the government order to impact all the past and future cases.

Many of the largest foreign companies in India, including IBM and Microsoft, are involved in litigation over demands made by the tax office related to transfer pricing adjustments in the last couple of years.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Application Management Solutions Application Management System Application Management Software System Application Management Development Application Management Software Development

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions