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: VAT Audit :: form 3cd :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: empanelment :: VAT RATES :: ARTICLES ON INPUT TAX CREDIT IN VAT :: due date for vat payment :: TDS :: Central Excise rule to resale the machines to a new company :: cpt :: articles on VAT and GST in India :: list of goods taxed at 4% :: ACCOUNTING STANDARDS :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARD
 
 
News Headlines »
 Filing of online return for 4th quarter of 2016-17 — extension of period thereof
 CBDT simplifies ITR filing process from FY18
 Govt extends service tax return filing date to April 30
 No move to tax farm income, clarifies Arun Jaitley
 New board for indirect taxes to become operational from June 1
  9 changes that came into effect from April 1
 First time filing income tax? Here's all you need to know about Form 16 and Form 26AS
 New Opening Financial Controller Chartered Accountant (Manufacturing Plant) A Leading Company
 Income Tax Filing 2017: All you want to know about the single page ITR form SAHAJ
 How to benefit from investments in tax saving mutual funds
 60 per cent of income tax notices on fishy cash deposits returned

OECD urges India to adopt better audit selection techniques
July, 04th 2007
Multinationals seek greater transparency

India could be more selective in the multinational enterprises it audits under its transfer pricing regime, the OECDs Deputy Director-General, Mr Pier Carlo Padoan, has suggested.

The need for India to adopt better audit selection techniques was emphasised by OECD officials at the two-day international tax conference, co-hosted by the Finance Ministry, ADB and OECD.

Mr Padoan told a press conference that the country could also find ways of reducing the time it takes to close cases and provide officials with more scope to negotiate settlements so that fewer cases end up in the courts.

Multinational enterprises want more certainty and transparency. Advance pricing agreement may be an option to look at. India may also want to engage more with the OECD as we revise our 1995 Transfer pricing guidelines, he said.

Meanwhile, sources in the Finance Ministry said the Revenue Department had made transfer pricing adjustments in about 27 per cent of the cases that were taken up for transfer pricing audit. Indias transfer pricing regime is five years old.

On application of tax treaties, Mr Padoan said that business had, at the conference over the last two days, been looking for greater consistency and transparency in the application of treaties and more effective dispute resolution.

For India to continue its emergence as a major world economy, he underscored the need to develop a tax system that promoted inward and outward investment and competitiveness of India-based multinationals.

On Goods and Services Tax (GST), Mr K. Mohandas, Additional Secretary (Revenue) in the Finance Ministry, said that Government was keen to introduce GST by 2010 and that an action plan was being developed for this purpose.

The two-day international tax conference had about 300 participants including 48 foreign participants from nine countries.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Portal Design Website Design Portal Designing Website Designing Web Design Professional Portal Design Professional Website Design Professional Web Design Portal Design India Website Design India Portal Designing India Website Designing India Web Design India Professional Portal Design India Professional Website Design India Chicago Professional Web Design New York Professional Web Design California Website Design Florida Website Design New Jersey Website Design Britain UK Website Design London Manchester Website Design

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