Leading global financial consultancy firm Ernst and Young has stated that Indian multinational companies (MNCs) having transactions with overseas group firms, especially those engaged in software and IT, are on the taxman’s radar.
In the 2009 Global Transfer Pricing Survey, E & Y has stated that: “The transactions that have caught the attention of the authorities include intra-group services (software, ITeS, other services), tangible goods, intellectual properties like royalties, licensing, financial transactions and cost-sharing or cost-pooling arrangements.”
Transfer pricing helps authorities tax companies having foreign units as it is the method of assigning prices to the transactions of firms with their overseas units.
You have reached your limit for free articles this month.
Register to The Hindu for free and get unlimited access for 30 days.
Subscription Benefits Include
Today's Paper
Find mobile-friendly version of articles from the day's newspaper in one easy-to-read list.
Unlimited Access
Enjoy reading as many articles as you wish without any limitations.
Personalised recommendations
A select list of articles that match your interests and tastes.
Faster pages
Move smoothly between articles as our pages load instantly.
Dashboard
A one-stop-shop for seeing the latest updates, and managing your preferences.
Briefing
We brief you on the latest and most important developments, three times a day.
*Our Digital Subscription plans do not currently include the e-paper ,crossword, iPhone, iPad mobile applications and print. Our plans enhance your reading experience.
Please Email the Editor