Blockchain technology: Possible future of digital transfer pricing

Change is certain, and the digital world is changing exponentially. It started with smartphones, which impacted the masses and led to the emergence of smart lives. As digitization and automation continue, it is now the time for smart businesses. Among many fast-emerging disruptive technologies, blockchain technology seems to have the potential to revolutionize businesses and … More Blockchain technology: Possible future of digital transfer pricing

Taxation reforms for E-commerce can be a growth enabler

According to a recent report by the Associated Chambers of Commerce and Industry, the Indian e-commerce industry is expected to touch the US$38 billion mark by 2016. This growth will be driven by increasing internet and mobile penetration, discounts, convenience and value added services, which have grown multifold, from US$3.8 billion in 2009 to US$23 … More Taxation reforms for E-commerce can be a growth enabler

Dwelling deep into the POEM exposure

Case studies on Place of Effective Management (POEM) The POEM norms introduced in the Finance Act, 2015 for determining corporate tax residency, could impact overseas entities controlled and managed from India. Tax authorities may now closely scrutinize the functioning of overseas entities to determine situs where key management and commercial decisions that are necessary for … More Dwelling deep into the POEM exposure

‘Range Concept’ and use of ‘multiple years’ : Better late than Never

The Finance Minister, in his Budget speech in 2014, had announced that range concept for determination of arm’s length price (ALP) will be introduced in the Indian transfer pricing regime where there is adequate number of comparables for determination of ALP. Furthermore, it was announced that use of multiple year data will be permitted for … More ‘Range Concept’ and use of ‘multiple years’ : Better late than Never