The Firm

Show Timings:

Friday: 10.30 pm, Saturday: 11.30 am

Sunday: 9:30am & 11.00pm

CNBC TV18
Network18

TP Disputes Trends Report 2015

Published on Wed, Oct 21,2015 | 23:20, Updated at Wed, Oct 21 at 23:20Source : Moneycontrol.com 

Since 2002, there has been a steep escalation in transfer pricing disputes in the country, the ‘Taxsutra’s TP Trends Report’, is a perfect compendium which encompasses this escalation. The Chapter under which Transfer Pricing provisions were introduced was with the intent to ensure that there is no avoidance of tax.
 
On the contrary, the ‘TP Trends Report’ reveals that the intent of the Revenue has been allocation of revenue targets rather than a tool to minimize tax avoidance. The statistics reflected here shows the manner in which escalation, rather, the massive speed with which Transfer Pricing disputes have increased in last five years and the consequent increase in the amount of tax adjustments.

The ‘TP Trends Report’ by Taxsutra & Deloitte, succinctly shows the evolution of Transfer Pricing adjustments in the Indian Tax system. The reason being non-alignment of Indian Transfer Pricing provisions with that of the global standards. India has seen the largest Transfer Pricing litigations across the world and without exaggeration one can say that India also has maximum Transfer Pricing disputes compared to world. This ‘TP Trends Report’ just proves it.
Attachments : TP Trends Report 2015 - Taxsutra.pdf
 
Twitter


 
Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.