The Firm

Show Timings:

Friday: 10.30 pm, Saturday: 11.30 am

Sunday: 9:30am & 11.00pm

CNBC TV18
Network18

India Moving Towards Global Practices In TP

Published on Sat, Oct 24,2015 | 11:41, Updated at Mon, Oct 26 at 17:47Source : Moneycontrol.com 

With the intention of aligning transfer pricing regulations in India with international practices and reducing litigations on some repetitive issues considerably, India’s Finance Minister, Arun Jaitley, in his Budget speech of July 2014, had announced the introduction of the ‘range concept’ for determining the arm's length price (ALP) and allowing the use of multiple year data for comparability analysis.

Subsequently, in May 2015, the Central Board of Direct Taxes (CBDT) released draft rules of the proposed application of range concept and use of multiple year data for computation of ALP, for public comments.

The CBDT issued the much awaited Notification on the above aspects on 19 October 2015. This SKP Group Alert details the changes.
Attachments : SKP Tax Alert - India moving towards global practices in tp.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.