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  • But it has not been operationalised

    ,red bottom
    With many litigations emerging from the complex tax regime related to transfer pricing (TP), "safe harbour provisions" were announced in the Finance Bill in 2010 that was aimed at resolving disputes and provide certainty to the taxpayer,jordan shoes.
    But it has not been operationalised,red bottom, though the Central Board of Direct Taxes (CBDT) has finalized the framework for safe harbour provisions,red bottom shoes.
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    Â*Safe harbour provisions benefit both the taxpayers and the tax authorities in determining the transfer price of international transactions. A safe harbour means "circumstances" in which the transfer pricing declared by the assesee shall be accepted by the revenue authorities without much scrutiny,air jordan shoes.
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    It provides the taxpayers with much needed certainty,red bottom, relief from compliances and associated costs,christian louboutin discount, while tax authorities will be relieved of much of their administrative burden,red bottom shoes.
    Mudigonda Vishweshwar, senior director inÂ*DeloitteÂ*India, said,red bottom shoes, "This can bring in much needed litigation relief to the taxpayers facing aggressive transfer pricing audits in India. This is a positive move that increases the confidence of foreign companies in setting up or expanding their operations in India."Â*

    Article Tags: Transfer Pricing

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