India imposes aggressive tax claims on transfer pricing of multinational firms

India has been aggressively imposing tax claims on the transactions carried out by multinational firms in the country in an effort to reign in the budget deficit experiences currently. Back office functions and IT have been particularly targeted by the government in this respect. Authorities are taking a microscopic view of transactions of minimum value […]

Time is up to get the transfer pricing right for BPO’s!

The Indian BPO industry has been growing in the recent years and NASSCOM predicts this growth to continue in 2013. But the industry is facing several challenges like competition from countries like Philippines, rising labour cost and Obama effect. Transfer pricing has been an issue which has been haunting the industry for quite a few […]

Indian IT and BPO firms expect announcement of Advance Pricing Agreement in the 2012 Union Budget

March 3, 2012: The global spending on information technology is expected to grow at a slower rate i.e. at 3.7 per cent. This is the slowest growth rate predicted over the past three years. In such a situation the IT industry in India which depends on outsourced works from the US and Europe will find […]