Tax audit report requirements amended
Salient features of India Union Budget 2014
Invest North - A compendium on Investment Opportunities in North India
OECD – BEPS action plan 13: transfer pricing documentation and country-by-country reporting
The Karnataka High Court upheld the Tribunal’s judgment that the CIT has no revisionary powers under Section 263 of the Act once the ALP is accepted by the AO/TPO
Discount allowed to foreign buyers towards advance payment on sales is treated as interest, and therefore liable for withholding of tax under Section 195 of the Act
The Mumbai Tribunal held that non-charging of interest attracts transfer pricing provisions and also affirms the DRP’s order striking the secondary adjustment
Copyright subsists in the news reports and photographs supplied by a French news agency, therefore, payments for the use of same is taxable as ‘royalty’
Taxpayer is eligible for lower rate of tax under Section 115A of the Act on payment of royalty since the new agreements entered into by the taxpayer were not an extension of old agreements
Loss on derivative transactions incurred by FIIs is in the nature of capital gains and not business income
Payment for offshore supply of equipment is not taxable in India. A portion of consideration for offshore supply attributed to services performed in India
Indian subsidiary of a foreign company providing back office support operations does not constitute a PE in India
Attribution of 20% of fees charged by foreign branches, appropriate compensation for Indian branch
Supreme Court lays down important principles on retrospective taxation while dealing with applicability of surcharge in cases of block assessment
BEPS - OECD Releases reports on 7 out of 15 action points
India Tax Konnect - September 2014
Accounting and Auditing Update - September 2014
Consideration received by a non-resident from the Indian customers for provision of Bandwidth/Telecom Services outside India is royalty
KPMG India Tax Konnect - June 2014
India Tax Konnect - March 2014
