Category: Income Tax

Transfer Pricing: Methods of Computation of Arm’s Length Price

The Provisions of Transfer Pricing have been introduced to ensure that income arising from an International Transaction between Associated Enterprises shall be computed having regard to the Arm’s Length Price. Any cost or expense allocated or apportioned between two or...

Read More
Grossing Up & Computation of Income Tax Liability of Expats in India

In the previous article I explained about the concept of taxation of expatriates. (Refer article – Taxation of Expats in India) Now I with explain with an example how to compute the tax liability for an expatriate. Taxation of expatriate...

Read More
Taxation of Expats

An Expatriate or expat is a person residing in a country, temporarily or permanently, which is different from his/her home country or you could say different from a country in which he/she is a citizen. This term is broadly used...

Read More
Income Tax Raid to be conducted only after furnishing the Contact Details of the Boss

This may sound strange but the fact of the matter is that CBDT has released a Circular which mandates the Officer conducting an Income Tax Raid to furnish the contact details of his senior before conducting the Raid. While releasing...

Read More