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TII BREAKING NEWS
 
TP - No adjustment was required to be made in respect of normal corporate services received from AEs: ITAT
TP - For determination of arm's length price of deemed international transactions, it is important to go through agreement entered between AE and domestic third-party:
I-T - High scale of AMP expenditure year on year basis per se cannot be yardstick to hold it as international transaction: ITAT
TP - enhancement of Transfer Pricing adjustment in respect of payment of royalty by the assessee, warrants being quashed where it contravenes directions of DRP
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TII SPECIAL Jun 21, 2022
 
Russia-Ukraine War Rocks Taxation domain Across The World
By Naresh Minocha

THE lengthening Russia-Ukraine War (RUW) is churning fiscal dynamics across the world. RUW has thus put all stakeholders in the risks-ball gazing mode.

Tax administrations are worried over the fall in revenue and changing revenue-mix due to RUW flux. Simultaneously, they have started levying new taxes such as windfall

 
TII EDIT May 24, 2022
 
Taxation of Crypto assets in India
By D P Sengupta

CRYPTO currency, bitcoin was invented in 2009. One Satoshi Nakamoto is credited with its invention. It is probably a pseudonym and no one knows who he actually is. Not that it really matters. The idea developed by the geeks for their peers is now a phenomenon and the products

 
BULLETIN BOARD
 
New Delhi, Jun 17, 2022
CBDT amends Income Tax Rules 10TD pertaining to Safe Harbour provisions...
New Delhi, Jun 16, 2022
CBDT issues Guidelines in respect of TDS deducted on prerequisites valued above Rs 20000/-...
New Delhi, Jun 10, 2022
CBDT issues guidance note on updated Mutual Agreement Procedure...
New Delhi, May 05, 2022
CBDT notifies Forms for non-resident seeking advance ruling ...
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TII BRIEF
 
Paris, Jun 24, 2022
Covid did digitalisation magic to tax administrations in 2020: OECD Study ...
Paris, Jun 14, 2022
GDP growth in G20 area turns tepid...
New Delhi, Jun 08, 2022
Global economy recovery slows down; to grow by 2.8%: OECD...
Paris, Jun 02, 2022
Inflation shoots up to 9.2% in OECD area in April...
New Delhi, May 25, 2022
Foreign Investment Facilitation Portal completes 5 years ...
 
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