Clarity- this was the single point goal of the Rangachary Committee that was set up last year by the Prime Minister- clarity on how the transfer pricing principles should be applied to over 750 MNC Development Centres in India. Money Control, 1 month ago
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The government has notified certain recommendations that the Rangachary Committee has proposed for the IT sector. The circular issued by the government provide clarity on taxation matters with regard to research and development activities in the IT sector.Money Control, 1 month ago Government Approves Issue of Circulars on Identification of Contract R&D Service Provider With Insignificant Risk and on Application of Profit Split Method Based on Recommendation of the Rangachary Committee; These Circulars Will Help in Providing Certain Press Information Bureau, 1 month ago Govt notify circulars on taxation of development centres Cyber India Online, 1 month ago Circulars on identification of contract R&D service provider OKed United News of India, 1 month ago
Information technology (IT) industry lobby Nasscom said it will discuss with its members the tax demand issued against India's second largest software services exporter Infosys Ltd and take up the matter with the finance ministry, if necessary. On ...Individual.com, 1 day ago
The crisis set off by the Chinese incursion into the Depsang bulge in Ladakh on April 16 was truly unprecedented; so was India's skilful diplomatic manoeuvring that defused it. The tricky, high-stakes moves during the stand-off bordered on ...The Week, 6 days ago
The has appealed to Union Finance Minister P.Chidambaram to scrap the service tax imposed on air-conditioned restau- rants. Expressing disappointment over the imposition of 12.36 per cent service tax, the association members said the high amount of ...The Hindu, 2 weeks ago
Regarding the lag between the announcement and implementation of an non-adversarial tax regime, Kanabar says, "The government must implement the recommendations of the the Shome and the Rangachary Committees to boost investor mood." Kanabar adds ...Moneycontrol.com, 2 weeks ago
Globalisation, coupled with the cost arbitrage proposition, saw the setting up of various forms of development centres here. Propelling the India growth story, the captives scaled up from their low-cost outsourcing status to providing high-value ...Hindu Business Line, 3 weeks ago
There were growing instances of buyers and sellers failing to quote (PAN), which is mandatory for property transactions above stipulated limits. To set up a mechanism to both report and collect tax at the earliest, particularly for resident ...Hindu Business Line, 3 weeks ago
In a move that is likely to lead to more transfer pricing litigations, the government has narrowed the so-called 'tolerance band' for international and domestic transactions between two group entities to as low as 1% for some companies. The ...Individual.com, 3 weeks ago
IT department reportedly sent notice to Microsoft seeking details of its income from Indian operations for four years beginning with the 2005-06 fiscal. Details have been sought about income from work done at Microsoft's Indian research and ...Firstpost.com, 3 weeks ago Microsoft gets taxman's notice Deccan Chronicle, 3 weeks ago Taxmen come knocking at Microsoft India door The Hindu, 3 weeks ago Now, Microsoft India faces taxman for understating income ZeeNews.com, 4 weeks ago
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