The Organization for Economic Cooperation and Development (“OECD”), has recently revised the Transfer Pricing (“TP”) Guidelines for Multinational Enterprises (“MNEs”) and Tax Administrations. Mainly incorporating its guidance provided in the 2015 BEPS reports to align transfer pricing outcomes with value creation and transfer pricing documentation. The purpose of the
Whether BOCW Act Is Applicable To Factories – Miscllenaous
In our country construction and infrastructure industry is one of the major sector employing over 9 million workers in the construction activity and this sector plays a pivotal role in the development and progress of the nation and its economy. The workers in this sector are mostly migrant in nature
Revival Of Company Struck – Off by Registrar Of Companies
Introduction: All are aware that pursuant to the provisions of Section 248 of the Companies Act, 2013, notices have been received from the Registrar of Companies, by those companies which have not commenced its business or is not carrying on any business or operation for a period of two immediately
Exemptions To Private Limited Companies – 2017
All are aware that on 05.06.2015, the Ministry had issued Four Notifications all Dt: 05.06.2015, vide which the Minstry has provided certain exemptions/modifications and adaptations as to certain provisions of the Companies Act, 2013 which are applicable to: èGovernment Companies èNidhiCompanies (Nidhis) èPrivateCompany èSection8Companies (Companies not for profit)
Change In Accounting Standard- IND AS 16
Ind AS 16on Property Plant and Equipment and a difference between AS 10 Accounting for Fixed assets and AS 6 on Depreciation Accounting On March 2016, MCA issued the Companies (Accounting Standards) Amendment Rules, 2016 and following are key amendment with revised AS 10, Property, Plant and Equipment (PP&E).
Amendment Safe Harbor Rules
The Finance (No 2) Act (FA), 2009 introduced provisions in the Indian Income-tax Law (ITL) that empowered the Central Board of Direct Taxes (CBDT), the apex Indian Tax Administration, to issue transfer pricing “safe harbor” rules. A “safe harbor” is defined in the ITL as circumstances in which the Tax
Challenges And Oppurtunities For Builders In Transition To GST
With GST implementation around the corner, a look on the transitional items pertaining to builders engaged in construction of residential or complex is paramount. As all the readers would by this time know that the proposed rate of GST on supplies made by construction of complex, building, civil structure or
BEPS – HTVI (Hard To Value Intangibles )- Implementation guidance
What is BEPS? – Base Erosion and Profit Shifting (BEPS) refers to tax planning strategies That exploit gaps and mismatches in tax rules to make profits ‘erode’ for tax purposes or To shift profits to locations where there is little or no real activity but the taxes are
CROSS BORDER MERGERS AND AMALGAMATIONS
Introduction Due to ever growing Globalisation and Cross Border Trade, many of the Indian Companies have acquired Foreign Companies. Here are the top 10 acquisitions made by Indian companies worldwide: 1 Deal Acquirer Target Company Country targeted value Industry ($
TDS /TCS – Changes Brought In By FA 2017
Finance Act, 2017 has introduced few changes to TDS (‘Tax Deducted at Source’)/TCS (‘Tax Collected at Source’) provisions ranging from introduction of new sections, rate changes and extension of concessional rate TDS. This article summaries the changes which are applicable w.e.f 01-04-2017/01-06-2017. Section 194IB: – The Section provides that