We are pleased to share with you the copy of our latest edition of “TaxBuzz”. In the aftermath of COVID-19, benchmarking of profit margins of the low risk captive service providers from Transfer Pricing perspective would be a complex exercise, as the combined profitability in the value chain is shrinking and the associated enterprise would […]
We are pleased to share with you the copy of our latest edition of “TaxBuzz”. The Government has recently released a notification dated 24.06.2020 under The Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 wherein time limitations for various compliances under the Income Tax and allied laws have been extended. The extended limitations […]
The Hon’ble Prime Minister, Sh. Narendra Modi, had announced a stimulus package of Rs. 20 lakh crore, constituting 10% of the GDP, in his address made to the nation on 12th May, 2020 under ‘Atmanirbhar Bharat Abhiyaan’ to save the lockdown-battered economy. The Hon’ble Finance Minister, Smt. Nirmala Sitharaman, (‘FM’) addressed a press conference on […]
In the present times of the prevailing COVID-19 outbreak, where workplaces are shut and there subsists a complete lockdown of humanity, a lot has happened in the domain of Direct taxes behind our back, either by way of enactment of changes in law through the Finance Act 2020 or through the Ordinance issued by the […]
COVID-19 presents an unprecedented /extraordinary situation impacting the economic environment, which needs to be factored, while undertaking transfer pricing analysis of transactions effected during FY 2019-2020 and also in the next financial year. India is known to be one of the most aggressive TP jurisdiction.TP Team at Vaish Associates, Advocates has noted the following issues, […]
The Hon’ble Finance Minister vide press release on 24.03.2020, had announced various relief measures taken by the Government of India in the area of statutory compliances under the Income Tax and other allied laws in view of COVID-2019 outbreak. The relief/ measures announced by the Hon’ble Finance Minister have now been promulgated by the President […]
