Latest Expert Exchange Queries
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) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: articles on VAT and GST in India :: TDS :: VAT RATES :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARDS :: cpt :: empanelment :: list of goods taxed at 4% :: ACCOUNTING STANDARD :: Central Excise rule to resale the machines to a new company :: VAT Audit :: form 3cd :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TAX RATES - GOODS TAXABLE @ 4% :: due date for vat payment
 
 
Direct Tax »
 Senior IRS officer Rajendra Kumar appointed new CBDT member
 Income tax raids continue on premises of three Chennai businessmen
 Hopeful of meeting direct tax collection target for this financial year: CBDT
 Bengaluru tops in income tax probes after demonetisation
 Income Tax department rejects black money disclosures of over Rs 2 lakh crore
 CBDT urges people to protect bank accounts from 'unscrupulous elements'
 No change in gold seizure norms in proposed I-T Law amendments
 Direct tax collection will get a long-term boost, Franklin Templeton says
 I-T Act amendments upset calculations of cash hoarders
 Claim tax benefit on costs incurred to evict tenants
 The Integrated Goods And Services Tax Act, 2016

Advisory Group on Taxation and Transfer Pricing set up
May, 05th 2012

The government today announced setting up an Advisory Group on International Taxation and Transfer Pricing, which is to be headed by Revenue Secretary R S Gujral.

The Advisory Group has been constituted by the Central Board of Direct Taxes, the Finance Ministry said in a statement.

Besides CBDT Chairman Laxman Das, Som Mittal of NASSCOM, P Y Gurav of CII, Dinesh Kanabar of FICCI, Ved Jain of ASSOCHAM, Mahesh P Sarda of ICAI, T P Ostwal of IFA and Mukesh Butani of ICC have been named as members of the Board.

The transfer pricing mechanism is often misused by multinational companies to transfer profits to their subsidaries in low tax countries.

A report of Global Financial Integrity says that major channel for illicit outflow is transfer of funds through mispricing which accounts for 77.6 per cent of total illicit outflows.

According to Finance Minister Pranab Mukherjee, the existing transfer pricing provisions of the government, which were introduced "are not detailed provisions as compared to transfer pricing provisions of developed countries".

It was felt that there is a need to upgrade these transfer pricing provisions to meet the challenges of growing intangible economy and various complex cost sharing arrangements, a document of the ministry said.

A committee by DGIT (International Taxation) was constituted to look into the issue of revising the transfer pricing provisions. The committee has already submitted its interim report which is under consideration.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Article Management Solutions System Article Management Software S

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