Monthly Archives: June 2013

  • Transfer Pricing Controversies_Published by Corporate Law Reporter

    June 18 2013

    Transfer Pricing controversies - The debate between the tax authorities & the tax payers seems to never die down; especially when it comes to application of transfer pricing provisions...Here are some such recent controversies analysed by us & published in an online journal

    Read More
  • Specified Domestic Transaction (SDT) to be reported in revised form 3CEB

    June 14 2013

    By virtue of Finance Act, 2012 transfer pricing provisions as applicable to international transactions, were also made applicable to certain specified domestic transactions (SDT). The provision was enacted with a view to have a safeguard against the tax arbritages claimed by persons enjoying tax holidays, differential tax rates, presence of accumulated losses etc by providing a more technical and focused concept of Arms' length price (ALP) for transactions between related parties.

    Such Specified Domestic Transactions are to be reported in Part C of the revised form 3CEB, a combined form for both international transaction and domestic transaction. It is interesting to note here that the erstwhile requirement of reporting the transactions with related parties in form 3CD will continue. Reporting in form 3CEB, if applicable will be an extra compliance burden on the part of the assessee.

    Read More
  • Foreign investment in India by SEBI registered Long term investors in Government dated Securities

    June 13 2013

    The limit for foreign investment in India by SEBI registered Long Term investors in Government dated Securities has now been increased by USD 5 billion to USD 30 billion.
    The enhanced limit of USD 5 billion will be available only for investments in Government dated securities by long term investors registered with SEBI – Sovereign Wealth Funds (SWFs), Multilateral Agencies, Pension/ Insurance/ Endowment Funds, Foreign Central Banks.

    [Source: RBI/2012-13/530 A.P. (DIR Series) Circular No.111 dated. June 12, 2013]

    Read More