Saturday , April 21, 2018 |   16:44:07 IST
INTL TAXATION INTL MISC TP FDI LIBRARY VISA BIPA NRI
About Us Contact Us Instant Updates Newsletters
 
NEWS FLASH
 
TP - In absence of any distinguishing features, High Court cannot interfere into a settled issue in respect of same parties and factual situation for earlier AYs: HC (See 'Breaking News) TP - When foreign exchange fluctuation gain is in respect of sale made in earlier year then same cannot be considered for purpose of TP analysis: ITAT (See 'Breaking News) BEPS Action 4 - OECD seeks feedback on excessive interest deductions by MNEs (See 'Brief') OECD to reveal more steps in May to strengthen CRS integrity (See 'Brief') I-T - HC cannot entertain Writ petition by exercising its jurisdiction under Article 226 of Constitution of India challenging factual issues for which there is alternate statutory remedy available: HC (See 'Breaking News') I-T - Payment of management charges made by company to its foreign AE is not an allowable deduction u/s 40(a)(ia) when, no TDS is deducted from such payment: ITAT (See 'Breaking News') I-T - Interest u/s 220(2) cannot be charged when, delay in giving effect to appellate order and consequent adjustment against refund was on Revenue's part: ITAT (See 'Breaking News') CBDT Diktat on Misconduct - But, Mr Prime Minister, Actual High-handedness lies in Revenue Target Fixation! (See 'COB(Web) ' in 'Taxindiaonline.com') TP - Once a company becomes not comparable for reason of absence of segmental information in order to apply filters, then other aspects of comparability needs no adjudication: ITAT (See 'Breaking News') TP - Profile of Indian taxpayer entity once conclusively determined by TPO, should not be re-characterised by Department's counsel: ITAT (See 'Breaking News')
 
TII SEARCH
 
 
   
Home >> News Brief
 

Infosys tax pact with US IRS to hike per share earning
By TII News Service
Jan 10, 2018 , Bangaluru

    

IN a bid to reduce its tax burden in the USA, the homegrown IT service provider, Infosys Ltd. has signed an Advance Pricing Agreement (APA) with the US Internal Revenue Service (IRS) on Tuesday. According to a release by the company, this agreement will result in the reversal of provisions of tax to the tune of USD 225 million in the quarter ended December 31, 2017.

Under the APA, Infosys and the IRS have agreed on the methodology to allocate revenues and compute the taxable income of the company's US operations. The reversal of the tax provisions will have a positive impact on its consolidated basic 'Earnings per Share (EPS)' for the December, 2017 quarter. The preliminary discussions with the IRS on the APA were initiated by Infosys in 2015, followed by multiple rounds of discussions.

 
 
gmail login
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