No, India-Mauritius Tax Treaty Won’t Drive Foreign Investors Away

Read More at » The Quint   TheQuint

Continue reading
1019 Hits
0 Comments

Bacon, Lettuce and Tomato - BLT

I would like to begin by wishing all the readers a very Happy New Year and a productive 2016.The year 2015 has been a good year for the industry from the direct taxes perspective with the government actively working to simplify the provisions of the Act and clarifying matters of litigation such as applicability of MAT on Foreign Institutional Investors.

Continue reading
1263 Hits
0 Comments

Analysis of decision in case of Rampgreen Solutions Pvt. Ltd.

 

Rampgreen Solutions Pvt Ltd. v CIT, Delhi HC,2015

Introduction

This case law discusses the scope of functional differences filter while carrying out a comparability study for comparables within the same industry sector. The case law has elaborated how companies engaged in Knowledge Process Outsourcing (KPO) services cannot be used as comparables for conducting a Transfer Pricing study of a company engaged in Business Process Outsourcing (BPO) services, even though both KPO and BPO services fall within the broader definition of Information Technology Enabled ServicesSector.

Continue reading
1368 Hits
0 Comments

Analysis of decision in case of Novo Nordisk India Pvt Ltd

Novo Nordisk India Pvt Ltd. v DCIT

Facts:

The assessee is an Indian company (Subsidiary of a Foreign Co.) engaged in the business of pharmaceutical products, dealing mainly in the area of diabetes treatment drugs. The assessee was purchasing finished pharmaceutical products from its AE in Denmark and distributing the same in India (Business Category – 1). The assessee was also purchasing finished goods from an unrelated Indian private limited company and distributing these products in India (Business Category – 2).

Continue reading
1539 Hits
0 Comments

The 401K Conundrum

Introduction

The Indian growth story has become the toast of global investors and the growth train has been chugging along at a steady rate with strong leadership at the helm. Though right now the world economy is in a slump with the global crash of commodity prices, and India too is facing some turbulence, we still remain one of the bright spots in the world economy.

Continue reading
2453 Hits
0 Comments

Logo 11

Copyright © Manohar Chowdhry & Associates. All Rights Reserved. Designed by IntelliSmart Softech Pvt. Ltd. 
Compliance    |    Privacy Policy    |    Legal Disclaimer

Login