WELL-DEVELOPED income tax laws will invariably provide detailed guidance on transfer pricing.
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Exchanging notes
EXCHANGE control implications: Income-tax implications apart, transfer pricing could have implications under exchange control regulations as well.
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True and fair
CORPORATE LAW: Financials of a company are required to depict a true and fair view of the state of affairs of the company.
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Recent Developments
Related party disclosures: The Institute of Chartered Accountants of India (ICAI) has issued Accounting Standard 18 (AS 18) on related party disclosures, which draws inspiration from International Accounting Standard 24.
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You can work it out
WITH increasing globalisation of trade, companies previously confined to their domestic markets have expanded rapidly to become multinational groups with subsidiaries and affiliates in almost all developed countries and in many of the emerging markets.
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Splitting the bill
COST sharing allows related parties to agree to pool resources for the purpose of developing one or more intangibles and to share the benefits of such developed intangibles.
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Open, and shut case
TO GET a glimpse of the actual process which is generally involved in carrying out a transfer pricing analysis for goods and services, it would be interesting to look at a simplified case study.
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West foot forward
THE US is, today, the largest trading partner of the Indian software industry with about 65 per cent of the Indian software exports heading to the US.
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Chinese food for thought
CHINA is perceived to be India’s major competitor in the global economic platform. In ’98, the Chinese State Administration of Taxation issued a circular providing some guidance to its transfer pricing policy.
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Only fools rush in
TRNASFER pricing is an important part of business strategy and by far the best possible way to minimise the group tax burden legitimately, whether group companies trade with each other within India or with an overseas group company.
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The road ahead
With India increasingly integrating into the world economy, a comprehensive transfer pricing legislation cannot be avoided.
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Income and outflows
THE INDIAN software industry has unleashed its potential into the global economy. A good number of foreign software companies as well as Fortune 500 companies have set up software bases in India. Indian software companies too have set up a presence overseas.
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How to stay in, secure
THE INSURANCE industry has gone global and major US and European insurers are setting up shop in new emerging markets. The risk of transfer pricing adjustments for such companies are not fully insurable.
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The world’s a playground
With a growing concern over transfer pricing issues, several countries are rushing to get their act together.
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