Taxation and Compliance Archives | Page 6 of 7

24 Jul 20

Background of Equalisation Levy

Equalisation levy is an unilateral measure to tax some digital activities. It was introduced in Finance Act 2016 with the intention of taxing the digital transactions i.e. the income accruing to foreign e-commerce companies from India. To tackle taxation issues in transaction conducted in cyber space, equalisation levy has been…

20 Jul 20

Complete Guide to Transfer Pricing Documentation in India

Imagine a business world without documentation – no invoice for purchases, no statements from banks, no agreements, no records,in short, a complete mess? There are television series which depict such situations and even the directors couldn’t imagine a less horrifying world. Trade and commerce thrive on documentation and records. No…

13 Jul 20

Transfer Pricing Methodologies – Transactional Net Margin Method

Business transactions have grown complex over the year. It takes a split second to pay for something online, however, we barely realize how many companies have actually participated in that single transaction. Let’s say you purchase a mobile phone online using your credit card. So, the two obvious parties involved…

June 24, 2020
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One of the exciting events in a track and field sports is a relay race. Members of a team one after the other complete a part of the racecourse and pass a baton to the other team member. The other team members do the same until the baton reaches the…

08 Jun 20

10 Registrations, but 1 Single Form for Company Incorporation

Over the past few years, India has been aggressively amending its laws, regulations, and procedures to simplify doing business in India. This is quite evident from the fact that India jumped from 142to 77th rank in just 4 years. For businesses to prosper and the country to flourish, the businesses…

08 Jun 20

Transfer Pricing Methodologies – Resale Price Method

When an expenditure is incurred on behalf of a group, we often split the bill equally. However, if certain services are availed only by a category of people, it would be unfair to charge a share of total expenditure on their tab. For example, on a trip, some people may…

18 May 20

Transfer Pricing Methodologies – Comparable Uncontrolled Price Method

When it comes to taking important decisions, we humans, knowingly or unknowingly, often tend to look into our neighbourhood for past examples of how people have handled similar situations before. It’s simple and straight forward – if someone else has already done similar work, let’s just refer the same to…

13 May 20

Transfer Pricing – Understanding Arm’s Length Price

When we imagine big corporates, handshakes are one of the prominent flashes in our mind. We are often reminded that a good handshake is key to a good meeting. So, what’s a good handshake? As experts list the rules – “Approach the person from his line of sight, look straight…

23 Apr 20

Transfer Pricing – What are Associated Enterprises?

by the Tax Authorities. Thus, transfer pricing is crucial for your business, as proceeding without having an International Transfer Pricing is important as it serves two main purposes – 1) Understanding the internal Profitability and Costing of all Units of the same Organisation 2) Compliance with extensive reporting requirements placed…

15 Apr 20

Transfer Pricing – Why so crucial for your business?

When we go out to shop essential items, we usually have a preferred shop, out of convenience or the trustin the quality of products offered. On the flip side, the shopkeeper recognises the importance of having regular customers and therefore, gives us a little preferential treatment, sometimes even discounts, which…

Background of Equalisation Levy

Complete Guide to Transfer Pricing Documentation in India

Transfer Pricing Methodologies – Transactional Net Margin Method

Transfer Pricing Methodologies – Cost Plus Method

10 Registrations, but 1 Single Form for Company Incorporation

Transfer Pricing Methodologies – Resale Price Method

Transfer Pricing Methodologies – Comparable Uncontrolled Price Method

Transfer Pricing – Understanding Arm’s Length Price

Transfer Pricing – What are Associated Enterprises?

Transfer Pricing – Why so crucial for your business?

Contract Drafting for Indian Businesses: Employment, Vendor, and Service Agreements Explained

How to Structure Intragroup Transactions to Minimize Risks of Transfer Pricing

Understanding Purpose Codes for Outward Remittances: A Guide for Foreign Subsidiaries

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