Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
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: ACCOUNTING STANDARD :: form 3cd :: VAT RATES :: empanelment :: VAT Audit :: Central Excise rule to resale the machines to a new company :: TDS :: list of goods taxed at 4% :: cpt :: due date for vat payment :: ACCOUNTING STANDARDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: articles on VAT and GST in India :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TAX RATES - GOODS TAXABLE @ 4%
 
 
Direct Tax »
 High court judges, experts brainstorm on likely GST litigations
 Businesses need not deduct GST on advances received for goods supply: CBEC
 Redress taxpayers' grievances on priority: CBDT to I-T department
 No tax relief on EPF interest if not employed: ITAT
  CBDT signs 7 more unilateral APAs with taxpayers
 Income tax returns (ITR) filing: Get capital gains tax exemption on new property; here is how
 Reach out to non-filers of GST returns: CBEC to fields offices
 CBDT may shelve plan to seek corporate tax estimates in advance
 IT expertise at banks' board level a must, says RBI ED
 Clarification on Indirect Transfer provisions in case of redemption of share or interest outside India under the Income-tax Act, 1961
 To avoid double-taxation CBDT says no tax at upstream foreign fund if local fund paid already

Advisory Group on taxation, transfer pricing set up
May, 04th 2012

The Central Government, on Thursday, announced the setting up of a 13-member advisory group on international taxation and transfer pricing headed by the Revenue Secretary.

The advisory group, constituted by the Central Board of Direct Taxes (CBDT), will have representatives from the apex chambers of commerce and industry, the software industry association Nasscom, and the chartered accountants' institute ICAI.

According to a Finance Ministry statement here, apart from the Revenue Secretary, other members of the panel from the government side are CBDT Chairman Laxman Das, Director-General of Income-tax (DGIT) (International Taxation), and three joint secretaries in the Department of Revenue dealing with transfer pricing of which Joint Secretary (FT&TR-I) will be the Member-Secretary.

Representing the industry as members of the advisory panel are: 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 India, and Mukesh Butani of ICC India.

It may be recalled that a committee under the chairmanship of DGIT (International Taxation) was set up to look into the issue of revising the transfer pricing provisions and its interim report, submitted some time ago, is under the government's consideration.

The issue has assumed significance in recent years as the transfer pricing mechanism is often misused by multinational entities to transfer profits to their subsidiary units in low or no tax countries. According to a Global Financial Integrity report, illegal transfer of funds through mispricing accounts for 77.6 per cent of the total illicit outflows.

Finance Minister Pranab Mukherjee had also pointed out, time and again, that the existing transfer pricing provisions were not adequate and there was a need to shore up the mechanism to tackle the challenges and complexities of modern day business arrangements.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Reengineering Software Re-engineering Software Reverse Engineering Software Reverse Development Software Change Modulation Software Conversion Software Re-creation Software Re-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