Master file notification: Expectations, impact and risk areas for MNCs

The Organisation for Economic Co-operation and Development (OECD) commenced work on the Base Erosion and Profit Shifting (BEPS) project to address concerns that existing principles of domestic and international taxation were failing to keep pace with the global nature of modern business models. As a member of the G20 and an active participant in the … More Master file notification: Expectations, impact and risk areas for MNCs

The Multilateral Instrument and the future of bilateral tax treaties

Tax treaties are based on a set of common principles designed to eliminate double taxation that may occur in the case of cross-border trade and investments. The current network of bilateral tax treaties dates back to the 1920s and the first Model Tax Convention developed by the League of Nations. The Organisation for Economic Co-operation … More The Multilateral Instrument and the future of bilateral tax treaties

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

Ever thought of managing your tax litigation with just a click?

There is no denying that as tax professionals in India, majority of our lives revolve around tax litigation. The moment a notice is received from the tax department, more often than not when we are already choked with other work, the team goes into a tizzy. The feeling only gets compounded, if the notice is … More Ever thought of managing your tax litigation with just a click?

Welcome Home Fellow Indians

“As one more Indian fiscal year ended, it was yet again time to think of the various tax and fiscal developments in our country. On the airplane returning from an overseas trip in the first week of the new fiscal year, the familiar and comforting voice of the lady pilot announced the landing in Mumbai.