Decriminalizing cheque bounce

Decriminalizing Cheque Bounce - Removing Hurdle Or Adding New?

The Announcement Ministry of Finance has announced that it intends to decriminalize a list of 39 minor offences relating to 19 different laws which are not serious in nature, however, the punishment is punitive. Their rationale is, if we stop…

All you need to know about Advance Pricing Agreements

There’s never really a phase in life where we aren’t awaiting some sort of results. We give some sort of test and await results while someone else is assessing our performance. It’s anerve-racking phase where we travel the world of possibilities…

Safe Harbour Rules – How to keep your Transfer Price ‘Safe’?

“Earth is flat like a mat, it’s a disc, not sphere,” says Flat Earth Society. Do you ever wonder which is the last thing that humans unanimously agreed on? We have opinions and they differ, sometimes even radically. Therefore, we raise…
Business Set up in India

How to finance your business setup in India?

People wonder how entrepreneurs discover amazing ideas and start new ventures they couldn’t even think of. Did this question cross your mind too? Let me spill the beans – the ideas are right in front of you, it’s just that your perception…
Set up business in India

Startup India Initiative - Hassle - Free Business Set up in India

India has always been the dream marketplace of global entrepreneurs, whether during medieval times or the modern world. Companies like Microsoft, P&G, Nestle, PepsiCo, IBM, Sony, etc. have built a huge market for themselves in India and…

Transfer Pricing Reporting Requirements in India

With globalisation, it has become a universal phenomenon for Multinational Organisations to have branches, subsidiaries or divisions in more than one country. This exposes the group to different tax regimes in different tax jurisdictions. Thus,…

Background of Equalisation Levy

Equalisation levy is an unilateral measure to tax some digital activities. It was introduced in Finance Act 2016 with the intention of taxing the digital transactions i.e. the income accruing to foreign e-commerce companies from India. To tackle…

Complete Guide to Transfer Pricing Documentation in India

Imagine a business world without documentation – no invoice for purchases, no statements from banks, no agreements, no records,in short, a complete mess? There are television series which depict such situations and even the directors couldn’t…

Transfer Pricing Methodologies – Transactional Net Margin Method

Business transactions have grown complex over the year. It takes a split second to pay for something online, however, we barely realize how many companies have actually participated in that single transaction. Let’s say you purchase a mobile…

Transfer Pricing Methodologies – Profit Split Method

John is an insurance agent. In a bid to increase his sales, he approached his friend Peter who was a Doctor and asked him to introduce John to Mr Black, a rich businessperson who happened to take routine services from Peter. Peter agreed and…