Thursday , April 26, 2018 |   21:03:24 IST
INTL TAXATION INTL MISC TP FDI LIBRARY VISA BIPA NRI
About Us Contact Us Instant Updates Newsletters
 
NEWS FLASH
 
TP - Entity engaged in rendering payroll activity and routine IT services cannot be treated as good comparable for BPO service provider: HC (See 'Breaking News') TP - Entity cannot be excluded merely because no segmental data with respect to its underrate income schemes was present during the year under consideration: HC (See 'Breaking News') TP - Difference in accounting period is no ground to hold a functionally similar company as non comparable: ITAT (See 'Breaking News') I-T - Receipts pertaining to a shipping company in nexus with prospecting, extraction or production of mineral oil, will be assessable u/s 44BB: ITAT (See 'Breaking News') Doctrine of Umbilical Cord puts onus on Executive to protect Supreme Court for own survival! (See 'COB( WEB)' in 'TIOL') I-T - Commission payments remitted directly to overseas agents for procuring business abroad, does not attract withholding tax liability u/s 195: ITAT (See 'Breaking News') TP - Rejection of comparables adopted by taxpayer for purposes of benchmarking international with its AEs, does not amounts to concealment for levy of penalty: ITAT (See 'Breaking News') TP - Addition of TP adjustment in hands of Assessee is no basis to levy penalty, without recording any satisfaction as concealment or furnishing of inaccurate particulars: ITAT (See 'Breaking News') DTAA - Foreign employer having PE in India has to withhold TDS on salary paid to expatriates irrespective of their stay in India, even if salary is exempt under treaty provisions: ITAT (See 'Breaking News') TP - Volatility in the margin of company, caused due to revenue recognition method followed by such company, does not calls for its exclusion from list of comparables: ITAT (See 'Breaking News') TP - Variation in prices realized from unrelated parties against those of prices charged to AEs, is no basis to make TP adjustment, if aggregate difference in ALP is within tolerance range of 5 per cent: ITAT (See 'Breaking News') TP - Crystallization of demand on income assessed in hands of taxpayer, should not be made in draft assessment order u/s 143(3) r/w/s 144C(1): ITAT (See 'Breaking News') TP - Royalty paid for exports to AE cannot be determined at NIL, if export made to AEs was undertaken on principal to principal basis and Indian entity is acting as licensed manufacturer: ITAT (See 'Breaking News') TP - Merely because tested party and comparable selected for purposes of banchmarking, were engaged in ITES segment, will not make them comparable: HC (See 'Breaking News') TP - Acceptance of return filed by overseas AEs, by itself does not merits acceptance of price paid to those AEs by Indian entity in international transaction as at Arm's Length: ITAT (See 'Breaking News')
 
SIGN IN
 
Username
Password
Forgot Password
 
TII SUBSCRIPTION
 
To Subscribe Please call us at +91-98110-05862 or
email us at systems
@taxindiainternational.com
. For details please Click here .
 
TII BREAKING NEWS
 
TP - Entity engaged in rendering payroll activity and routine IT services cannot be treated as good comparable for BPO service provider: HC
TP - Entity cannot be excluded merely because no segmental data with respect to its underrate income schemes was present during the year under consideration:
TP - Difference in accounting period is no ground to hold a functionally similar company as non comparable: ITAT
I-T - Receipts pertaining to a shipping company in nexus with prospecting, extraction or production of mineral oil, will be assessable u/s 44BB: ITAT
< More News >
 
TII SPECIAL Apr 17, 2018
 
FTA Benefits on Third Country Invoicing Arrangements in International Trade
By Dhruv Matta & Raghav Khurana

THE concept of Third Party Invoicing is widely recognized in domestic as well as international trade.It involves a bill-to-ship-to model between 3 parties. Equally popular is the concept of trade between countries which are signatories to a Free Trade Agreement. It results in the trade of goods between countries at preferential tariff rates

 
TII EDIT Apr 23, 2018
 
Universalisation of the OECD transfer pricing guidelines
By D P Sengupta

THE OECD has recently (on9thApril, 2018) released what it calls Transfer Pricing Country Profile in respect of 14 additional countries including China and India. The total country profiles now available is 44.

As has been clarified, these country profiles focus on countries' domestic legislation regarding key transfer pricing principles,

 
BULLETIN BOARD
 
New Delhi, Apr 12, 2018
CBDT amends Protocol between India-Kazakhstan...
New Delhi, Feb 27, 2018
Risk Management and Inter-bank Dealings: Revised guidelines relating to participation of a...
New Delhi, Feb 23, 2018
CBDT notifies India-Kenya DTAA ...
New Delhi, Feb 07, 2018
Calling for applications for posting at Under Secretary Level in Foreign Tax & Tax Researc...
< More News >
 
TII BRIEF
 
Paris, Apr 20, 2018
BEPS Action 4 - OECD seeks feedback on excessive interest deductions by MNEs...
Paris, Apr 20, 2018
OECD to reveal more steps in May to strengthen CRS integrity...
New Delhi, Apr 13, 2018
CBDT prescribes Protocol amending India-Kazakhstan DTAC ...
Paris, Apr 13, 2018
Taxes continue to be very effective tool to reduce inequalities: OECD ...
New Delhi, Apr 11, 2018
BEPS Action 5 - CBDT proposes amendment in Rule 44E & Forms 34C, 34D & 34DA ...
 
TII SEARCH
 
 
 
Subscribe TIOL Tube on YouTube
 
 
TIOL's Android App
 
 
 
 
 
INTL TAXATION INTL MISC TP FDI LIBRARY VISA BIPA NRI TII
  • DTAAs
  • TIEAs
  • Circulars (I-T Act, 1922)
  • Circulars
  • Instructions
  • DRP Panel
  • Administrative Orders
  • Notifications
  • I-T Act, 1961
  • Relevant Portion of I-T Rules,1962
  • Relevant Portion of I-T Act,1922
  • GAAR
  • Equalisation Levy
  • Draft Guidelines
  • Committee Reports
  • FATCA
  • Intl-Taxation
  • Finance Acts
  • Manual on EoI
  • DTC Bill
  • UN Model
  • Miscellaneous
  • Guidance Notes - AEOI
  • OECD Conventions
  • Cost Inflation Index
  • Union Budget
  • Information Security Guidelines
  • Circulars
  • Instructions
  • Notifications
  • Relevant Sections of Act
  • TP Rules
  • Forms
  • Miscellaneous
  • APA Annual Report
  • APA Rules
  • APA FAQ
  • UN Manual on TP
  • Safe Harbour Rules
  • US Transfer Pricing
  • FEMA Act
  • Exchange Manual
  • Fema Notifications
  • Master Circulars
  • Press Notes
  • Rules
  • RBI Circulars
  • FDI Circulars
  • Reports
  • FDI Approved
  • RBI Other Notifications
  • FIPB Review
  • Black Money Act
  • PMLA Notification
  • PMLA Instruction
  • PMLA Bill
  • FM Budget Speeches
  • SEBI
  • Multimodal Transportation
  • Vienna Convention
  • NBFC Reports
  • EXIM Bank LoC
  • Manufacturing Policy
  • FTDR Act, 1992
  • Intellectual Property
  • White Paper on Black Money
  • Posting Policy
  • PMLA Cases
  • Transfer of Property
  • CBR Act, 1963
  • MCA Circular
  • Book Review
  • Limitation Act
  • SSAs
  • EPFO
  • FAQs
  • Acts
  • Rules
  • Guidelines
  • Tourist Visa
  • Notifcations
  • Types of Visa
  • Agreements
  • Arbitration
  • Model Text
  • Relevant Portion of I-T Act
  • Circulars
  • I-T Rules, 1962
  • MISC
  • Notifications
  • Subscribe
  • About Us
  • Contact Us
  •  
     
    A Taxindiaonline Website. Copyright © 2016 Taxindiainternational.com Pvt.Ltd. All rights reserved. | Powered by 4th Dimension
    TIOLTube.com
    Subscribe TIOL Tube
    Legal Wrangle | Income Tax | Episode 72