India

Tax Flash News

Tax Flash News
Tax laws in India are subject to interpretation by judicial authorities, and changes by way of amendments to the statute. Flash News enables you to stay abreast of the latest developments.
Future losses accounted for incomplete construction contracts as per the Accounting Standard 7 is allowable as business expenditure (206 KB)6/17/2013
Receipt of various subsidies are having direct nexus with profits of industrial undertaking and therefore eligible for deduction under Section 80-IB or Section 80-IC of the Act (PDF, 231 KB)6/17/2013
Chennai Tribunal followed the LG SB ruling and upheld Transfer Pricing adjustment on AMP expenditure using Bright-Line Test, subject to exclusion of selling expenses. Further, hypothetical brand promotion fee computed at 1 percent was deleted (PDF, 208KB)6/14/2013
LIBOR (without markup) can be adopted as Comparable Uncontrolled Price to benchmark interest rate charged to Associated Enterprises for loans given in foreign currency (PDF, 197 KB)6/14/2013
Reserve Bank of India prescribes time limit for realisation and repatriation of export proceeds of goods and services by units in Special Economic Zones (PDF, 372 KB)6/14/2013
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 Tax and Regulatory 

Enhancing a shareholder's value is a fundamental concept which drives every management effort in the modern business environment. Progressive and bottom-line focussed managements have realized that taxes (both direct and indirect, domestic and international), should be viewed as a dynamic item of cost rather than a passive charge on the profits.
Tax

Indeed, an effective tax-cost management provides a distinct competitive advantage. This requires the application of appropriate tax strategies proactively identified and surgically implemented.

 

We have developed a total tax management capability which encompasses the entire spectrum of direct, indirect and personal taxes. Our approach to tax planning is multi-jurisdictional. We, together with other member firm's offices spread across the globe, can provide quality national and international tax advice.

 

Our professionals are drawn from a wide variety of backgrounds. Industry specialization, service line specialization, international exposure and advanced training equips them to work with our clients and be their advisors in a wide spectrum of their business processes.

 

Webinar - Vodafone Supreme Court Ruling

Webinar - Vodafone Supreme Court Ruling
The Supreme Court of India has delivered a landmark judgement in the Vodafone case today, putting an end to a nearly five year old controversy on the taxability in India of sale of shares of foreign company having downstream subsidiary in India.... MORE