Latest Expert Exchange Queries

Make 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) | 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: TAX RATES - GOODS TAXABLE @ 4% :: list of goods taxed at 4% :: Central Excise rule to resale the machines to a new company :: form 3cd :: articles on VAT and GST in India :: cpt :: empanelment :: ACCOUNTING STANDARD :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT RATES :: TDS :: VAT Audit :: ACCOUNTING STANDARDS :: due date for vat payment :: ARTICLES ON INPUT TAX CREDIT IN VAT
 
 
« News Headlines »
 Income-tax (21st Amendment) Rules, 2017
 Deadline for filing income tax return nears; here are 10 common mistakes that you must avoid
 All you need to know about form 26AS
 How to file income tax return?
 7 changes that affect income tax return filing this year
 How To File Income Tax Return (ITR) Online For FY2016-17? Last Date July 31
 Last date for filing income tax return approaches: What is Form 26AS? How it can help you claim refunds
 Income Tax department to launch mobile app to make life easy for taxpayers
 6 things to remember while filing your income tax return
 Want to save on tax? Here are deductions you can use while filing ITR
 July 31 Is Last Date For Filing Tax Return. Why Form 26AS Has To Be Checked

I-T may ask Morgan Stanley arm to file return
July, 20th 2007
The Income-Tax (I-T) department proposes to ask US-based Morgan Stanley and Company to file its income-tax returns in India following the recent Supreme Court judgement.
 
The apex court has upheld the treatment of its business process outsourcing hub, Morgan Stanley Advantage Services (MSAS), as a service permanent establishment (PE).
 
According to an I-T department source, tax authorities may issue a notice if the returns are not filed within a weeks time after the formal communication is sent to the company. The returns will be useful in analysing the tax implications from the transfer pricing angle.
 
The source added that treatment of a BPO outfit as a service PE gives rise to various risks, if the contract fails.
 
Further, the department would also like to see whether the arms length treatment has been maintained on payments to employees on deputation from the overseas office.
 
The department is of the view that transfer pricing issues arising out of treatment of BPOs as service PEs have implications for other BPOs owned by foreign companies and such cases may also be opened for further scrutiny.
 
Allaying doubts over taxation of BPOs floated by foreign entities, the Supreme Court, in its landmark judgement, has stated that income of the foreign companies could not be taxed by the tax authorities by attributing it to BPO operations based out of India.
 
However, a foreign company can avoid paying tax in India, if it is compensating the outsourcing unit on an arms length basis.
 
In its judgement, the Supreme Court upheld the judgement of the Authority for Advance Rulings, which had stated that MSAS did not constitute a permanent establishment.
 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Achievements

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