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Indian taxpayers face challenging future

26 July 2011

ITR Correspondent

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Next year will herald a widescale period of change for tax in India. It will force tax directors from domestic and international companies to completely reconsider their strategies and to seek efficiencies at all levels of their company's tax affairs.

An all-new tax law, greater international cooperation, GAAR, and the ever-present litigation threat are just four critical concerns taxpayers will have to contend with. They will have to become adept at identifying the best methods to migrate to the new systems while deriving the most tax benefits. Every part of a business's tax operation is being examined.

At the same time, tax officials want to make sure that everyone is complying with the new rules and that they are getting their fair share of tax revenue. This means that the risk of assessments and disputes have become part of everyday life.

International Tax Review's second India Tax Forum on September 6 & 7 in Delhi will bring together leading tax directors, officials and advisers to discuss these issues and help you to prepare for the changes that 2012 will bring. The Direct Taxes Code, GST and tax controversy will be three of the key talking points between panellists and among the delegates.

Confirmed speakers include: RN Dash, Director General of Income Tax (International Taxation), Government of India; SK Dash, Commissioner, Authority for Advance Rulings; Sunil Gupta, Joint Secretary (Tax Policy and Legislation), Ministry of Finance; and Mohan Parasaran, Senior Advocate, Supreme Court of India and Additional Solicitor General of India.

They will have much to talk about. The benefits of the Authority for Advance Rulings and how recent decisions will affect future transactions is one. The Dispute Resolution Panels and the feasibility of establishing advance pricing agreements are others. And how to cooperate and negotiate with the CBDT is guaranteed to spark debate.

The foremost Indian tax specialists will tackle these issues and more. It is a unique opportunity to hear their views, increase your understanding of the upcoming changes and how best to prepare for the future.

For more information, click here.






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