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India Archive

  • December 2010

    Tax Relief - December/January 2011

    December 01, 2010

    A monthly commentary on the notable facts, figures and goings-on in the tax world. Suitable items should be sent to

  • November 2010

    Firms show their best side at Asia Awards

    November 23, 2010

    The competition to provide advice of the highest quality to taxpayers in Asia was evident at the Asia Tax Awards, which were presented in Singapore tonight and which were attended by leading tax directors, officials and practitioners from throughout the region.

  • Unsure taxpayers drive discussion at India forum

    November 15, 2010

    Taxpayers in India are still uncertain how the country’s tax system will develop over the next 18 months, though they have known about changes such as the new Direct Taxes Code (DTC) and goods and services tax for sometime.

  • DTC will not deliver, says panel

    November 12, 2010

    The new Indian Direct Taxes Code will not increase certainty, reduce complexity or reduce the country’s litigation backlog despite these being the key objectives, says a panel of leading tax professionals.

  • Indian speakers call for improved dispute resolution panels

    November 12, 2010

    A lack of accountability of officials is one of the reasons why India is struggling to develop an effective form of dispute resolution system for tax cases, delegates at International Tax Review's first India Tax Forum were told today.

  • Editorial: All eyes on India

    November 01, 2010

  • Uruguay agrees double tax treaty with India

    November 01, 2010

  • India Supreme Court rules on withholding tax again

    November 01, 2010

  • Indian advisers anxious about transfer pricing under the DTC

    November 01, 2010

  • Supreme Court rules on turnkey contracts

    November 01, 2010

  • Another favourable royalty ruling for Indian taxpayers

    November 01, 2010

  • India Quarterly's news analysis from around the world

    November 01, 2010

  • UN calls for increased tax revenue to reduce poverty

    November 01, 2010

  • Predicting India's future

    November 01, 2010

    For a long time the Indian tax community has bemoaned the unpredictability of the tax system. While the Direct Tax Code and a national goods and services tax, for example, promise to make things more stable, no one can claim to have a clear view of the future. Jack Grocott asks leading tax professionals to come up with some ideas about what might lie ahead.

  • Beyond the Samsung ruling

    November 01, 2010

    In September the Supreme Court delivered a significant ruling on the topic of withholding tax in India. This ruling was a victory for the taxpayers. However, as Sophie Ashley discovers, this topic should still be one of the top priorities for tax directors.

  • Concerns raised over India's IFRS preparation

    November 01, 2010

    As India prepares to converge its accounting rules with International Financial Reporting Standards, Salman Shaheen finds out that the country's tax system has some catching up to do

  • Rulings you need to be aware of

    November 01, 2010

    Litigation and India go hand in hand and court decisions have wide-reaching implications for all international companies in the country. Vispi Patel and Rajesh Athavale of Vispi T Patel & Associates dissect a number of recent rulings to show how these decisions will affect the operations of multinationals in India.

  • The DTC through a magnifying glass

    November 01, 2010

    Ashesh Safi and Geeta Ramrakhiani of Deloitte analyse the implications of the new direct tax code and discover that there is a lot more to the new code than meets the eye and that achieving a simple and efficient tax system is not an easy task.

  • Transforming India's transfer pricing landscape

    November 01, 2010

    With 2011 heralding a decade since transfer pricing provisions were introduced in India, Srinivasa Rao and Rajendra Nayak of Ernst & Young explain how recent landmark decisions are likely to have a significant impact on the next ten years of transfer pricing in the country.

  • Time to prepare for GST

    November 01, 2010

    With the April 2011 effective date for the country's GST looking unlikely to be achieved, Amrita Mitra of Grant Thornton argues that taxpayers should use this delay to their advantage and begin preparing for the new tax.

  • How to manage controversy and disputes

    November 01, 2010

    India, to most taxpayers, is synonymous with controversy and litigation. Dinesh Kanabar of KPMG provides a perspective on some areas of controversy and critically examines some existing dispute resolution mechanisms.

  • The 21 biggest influences in tax today

    November 01, 2010

    To mark the 21st birthday of International Tax Review in November 2010, the editorial staff of the magazine decided to choose the 21 most influential people or organisations in tax today.

  • Twenty-one years in tax

    November 01, 2010

    As International Tax Review celebrates its 21st birthday in November 2010, Erin Kelechava takes the opportunity to look back at a selection of the notable events in tax since 1989.

  • Court decides on Vodafone

    November 01, 2010

    The Bombay High Court in the case of Vodafone International Holdings [2010-TII-13-HC-MUM-INTL] adjudicated on the issue relating to taxation of indirect transfer of shares of an Indian company.

  • Tax Relief - November 2010

    November 01, 2010

    A monthly commentary on the notable facts, figures and goings-on in the tax world. Suitable items should be sent to

  • October 2010

    Indian taxpayers face challenging future

    October 19, 2010

    The next 18 months 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.

  • Treaties and TIEAs signed this week - October 11 2010

    October 12, 2010

  • Taxpayer face up to litigation

    October 01, 2010

    Conflict has unfortunately been part of human life since time began. This is just as true in the tax market. Companies want to minimise the amount of tax they pay, while tax authorities want to collect as much as they can. The struggles leads to expensive, time-consuming and lengthy disputes, often in a courtroom.

  • The shifting winds of litigation

    October 01, 2010

    Tax litigation has never been plain sailing. Appeals against revenue authority decisions are increasing and more cases are getting to court. Added to that, the economic downturn means tax authorities are trying to recover as much revenue as they can. But change is happening. Sophie Ashley reports that a lack of government funds is having an effect on litigation tactics as revenue authorities are being forced to become more choosey about which cases to take to court.

  • September 2010

    Vodafone loses India court battle

    September 08, 2010

    The Mumbai High Court has ruled that that the country's tax authorities have the right to pursue Vodafone over its estimated $2 billion tax bill.

  • Getting things done

    September 01, 2010

  • OECD has work to do on APA guidelines

    September 01, 2010

    Caroline Silberztein, head of the transfer pricing unit in the OECD centre for tax policy and administration answers Catherine Snowdon's questions about the problems that face APA programmes today and how the OECD will work to improve its guidelines in this area.

  • Asia tax directors speak out against extra pressure

    September 01, 2010

    Tax executives are being placed under extra pressure. Their busy times are no longer just at year end, they are all year round. This is where external advisers step in to reduce the workload. Jack Grocott analyses the results of the Asia-Pacific Client Services Poll 2010 and investigates the problems executives are facing and how advisers can help.

  • Generally arduous and risky

    September 01, 2010

    The UK tax market's reaction to the idea of a General Anti-Avoidance Rule (GAAR) has been generally unsupportive. Sophie Ashley investigates how other countries' experiences with a statutory anti-avoidance rule might influence the government's decision on whether to introduce such a rule.

  • Social media for tax evaders

    September 01, 2010

    A monthly commentary on the notable facts, figures and goings-on in the tax world. Suitable items should be sent to

  • Brazil: Caution advised to avoid disaster

    September 01, 2010

    Simone Dias Musa, Clarissa Machado and Camilla Lagrasta explain how not following the OECD guidelines makes the Brazilian rules difficult to follow. With fixed margins regardless of industry and new thin capitalization rules, taxpayers need to be aware of the complex legislation.

  • Colombia: Getting documentation right is crucial for taxpayers

    September 01, 2010

    Transfer pricing legislation is relatively new in Colombia and with taxpayers, advisers and officials still finding their way, questions are still being asked. Diego González-Béndiksen and Rhina Toro Infante warn severe penalities wait for those who do not manage to comply.

  • Mexico: Moving forward along a different path

    September 01, 2010

    In Mexico, the transfer pricing rules have been in force since 1997, a relatively long time in Latin America. Moisés Curiel, Carlos Linares and Emilio Angeles talk taxpayers through staying on the right side of the notoriously strict

  • August 2010

    India's DTC effective from 2012

    August 30, 2010

    India's new Direct Tax Code will now be effective from April 1 2012, one year later than originally planned, said the country's Finance Minister.

  • UPDATE: India passes DTC second draft

    August 26, 2010

    The Indian government yesterday approved the latest draft of the country's new Direct Tax Code, meaning the new law will be effective from April 1 2011.

  • Further delays to GST in India likely

    August 23, 2010

    Advisers in India now believe that a national goods and services tax (GST), which was originally intended to be rolled out in April this year, is unlikely to meet the new target of April 2011 either.

  • Vodafone's Indian court case concludes

    August 18, 2010

    The latest round of Vodafone's three-year-long dispute with the tax authorities concluded today.

  • July 2010

    India unveils GST rate and framework

    July 21, 2010

    India's finance minister has finally unveiled the roadmap and rates for the national goods and service tax (GST) after months of arguments between the state and central governments.

  • India changes tax return filing system

    July 19, 2010

  • Indian taxpayers face challenging future

    July 06, 2010

    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.

  • No way to run a tax system

    July 01, 2010

  • Tax authorities' claim Vodafone warned of $2 billion tax bill

    July 01, 2010

  • Beware Circular 698 on indirect transfers

    July 01, 2010

    Released only eight months ago, China's circular 698 caused much controversy as it gave the tax authorities the power to investigate transactions dating back to 2008 while requiring taxpayers to report any indirect transfers within 30 days of completion. But with many not paying attention to the circular, Jack Grocott investigates how an influential court settlement is likely to make taxpayers think twice about ignoring the circular.

  • What taxpayers should know about India's capital markets

    July 01, 2010

    India's capital markets have grown rapidly in the last 10 years. It makes it more important than ever that investors should keep up with key regulatory and tax issues in the area, explains Sunil Gidwani of PricewaterhouseCoopers in India

  • Tribunal ruling on taxation of offshore services

    July 01, 2010

  • June 2010

    UPDATE: DTC second draft released

    June 16, 2010

    The Indian government yesterday has the second draft of the controversial Direct Tax Code.

  • Tax authorities' claim Vodafone warned of $2 billion tax bill

    June 11, 2010

    The Indian tax authorities are claiming they advised Vodafone to pay tax on its $11.1 billion acquisition of Hutchison a month and a half before the transaction was concluded.

  • Finance minister confirms tax code revisions

    June 10, 2010

    India's finance minister has said that the second draft of the controversial Direct Tax Code has addressed a number of concerns, but it will not be available for public consultation for at least a month.

  • OECD promotes Brazil & Indonesia to white list

    June 04, 2010

    Brazil and Indonesia have substantially implemented the internationally agreed tax standard for transparency and exchange of information, according to an updated OECD progress report.

  • Tax authority issues 761-page order in Vodafone case

    June 03, 2010

    The Indian tax authorities have filed a 761-page order to support its claim that Vodafone is liable for a multi-billion dollar tax bill following its 2007 deal with Hutchison.

  • Fifa demands tax concessions from World Cup hosts

    June 01, 2010

  • India moves anti-avoidance campaign offshore

    June 01, 2010

  • Controversy and litigation dominate tax forum

    June 01, 2010

    Following last month's Asia Tax Executives' Forum in Singapore, Ralph Cunningham and Jack Grocott discover what is really keeping Asia-Pacific taxpayers up at night. Increased scrutiny and dispute litigation rather than resolution really is the stuff of nightmares for the region's tax community.

  • Busy times ahead for Indian tax system

    June 01, 2010

    A complete re-write of the country's 1961 income tax law, a goods and service tax, a new advance pricing agreement programme, a growing litigation problem and a heightening risk of audits means the next year in India will be one of the busiest ever. Jack Grocott investigates.

  • The road ahead for the GST

    June 01, 2010

    Satya Poddar and Shalini Mathur of Ernst & Young outline how India's new goods and services tax will eventually drastically overhaul the country's indirect tax system for the better, despite constant disputes between the centre and the states.

  • Evolving Indian transfer pricing landscape

    June 01, 2010

    A booming economy and an increasing focus on investment is forcing the Indian tax authorities to step up scrutiny on all cross border trade. Rohan Phatarphekar and Hardev Singh of KPMG outline how transfer pricing will be the hot topic over the coming year.

  • Tax rulings point towards law change

    June 01, 2010

    Recent rulings are likely to suggest anti-avoidance regulations are on the way to India, explain Ajay Kumar and Amit Agarwal of PricewaterhouseCoopers.

  • How to attribute profits to an agency PE

    June 01, 2010

    Rahul Mitra and Nishant Saini, of PricewaterhouseCoopers, discover how the concept of permanent establishment in India is not as straight forward and subject to much debate.

  • Zimmer wins French decision on permanent establishment

    June 01, 2010

    Taxpayers will be heartened by the decision of the French Supreme Tax Court in the Zimmer case on the existence of a permanent establishment. Renaud Jouffroy and Marie-Laure Hublot of Landwell et Associes examine the verdict, pointing out that it left some questions unanswered

  • Proposals for new financial taxes split opinion

    June 01, 2010

    International plans to impose new taxes on financial institutions have failed to win widespread approval. Erin Kelechava and Salman Shaheen report that while some commentators accept the principle of levies for organisations that received government support during recent financial turmoil, they foresee problems in implementing the new charges

  • India poses holding company challenges

    June 01, 2010

    Srinivasa Rao and Rajendra Nayak of Ernst & Young comment on the appeal of India as a holding company jurisdiction and what the court said in the E-Trade case.

  • Amendments to Finnish tax treaties

    June 01, 2010

  • India: Transfer pricing audits should follow the basic fundamentals

    June 01, 2010

    By Rahul Mitra and Arun Saripalli, PricewaterhouseCoopers, India

  • Tribunal rules on construction PE

    June 01, 2010

  • Taxpayers warned of changes to India's second draft tax code

    June 01, 2010

    Taxpayers should expect significant changes when the second draft of the release of the India's new direct tax code is released later this month, say leading tax professionals.

  • May 2010

    Tax directors fear action on indirect transfers

    May 18, 2010

    The taxation of indirect transfers and a constant threat of audits and controversy are two of the biggest concerns facing Asian tax directors.

  • Significant changes on the way for draft code, says CBDT chairman

    May 01, 2010

  • Plan your next move

    May 01, 2010

    Revenue authorities around the world have become an important tool for governments as they strive to raise income to boost their battered economies after the economic downturn of the last two years. And officials have put pressure on taxpayers to be transparent in their tax planning. The advisers who can ensure this level of service are to the fore in International Tax Review's third annual poll to find the world's leading planning practices

  • Panama makes progress on tax information requirements

    May 01, 2010

    Panama is working hard to dispel the perception of it as a tax haven. Catherine Snowdon talks to Alberto Vallarino, the country's minister of economy and finance, Frank De Lima, its vice minister of economy and Luis Eduardo Ocando, an international tax partner at Ernst & Young and adviser to the government on the strategy and negotiation of tax treaties.

  • How you can manage taxes in a hyper-regulatory world

    May 01, 2010

    Chris Walsh of Vertex describes a difficult working environment for tax executives, where the pressure from tax authorities to comply with their obligations is intense and the number of changes to rules and rates is hard to keep up with. However, a combination of tax harmonisation and better technology could provide much needed help with the regulatory burden

  • Tax Relief: Volcano-way

    May 01, 2010

    A monthly commentary on the notable facts, figures and goings-on in the tax world. Suitable items should be sent to

  • International Collective Investment Schemes (ICIS)

    May 01, 2010

  • Ruling on the taxability of capital gains under the India-Mauritius Tax Treaty

    May 01, 2010

  • April 2010

    India moves anti-avoidance campaign offshore

    April 29, 2010

    The Indian Central Board of Direct Taxes has opened tax offices in Mauritius and Singapore in a bid to crackdown on offshore tax evasion.

  • Indians are keen on new dispute resolution mechanism

    April 13, 2010

    India's new dispute resolution panels (DRP) will continually adapt to a changing tax environment and greatly improve taxpayer litigation consistency, say two of the country's leading advisers.

  • Significant changes on the way for draft code, says CBDT chairman

    April 13, 2010

    The chairman of India's Central Board of Direct Taxes has said that the latest draft of the country's direct tax code will include "significant changes" when released in two months' time.

  • India fails to meet GST deadline

    April 01, 2010

  • Revenue authorities pressure UBS to reveal more information

    April 01, 2010

  • A time for tax transparency and clarity

    April 01, 2010

    Enhanced tax information exchange and greater offshore compliance was the biggest outcome of the G20 summit of world leaders last April in London. The subsequent 12 months saw increased tax cooperation between governments and hundreds of international information exchange agreements signed. Jack Grocott discovers what all this means for multinational companies.

  • Legal reforms grab taxpayers' attention after budget

    April 01, 2010

    The interest for taxpayers in this year's Indian budget came in the proposals to amend existing legislation, such as source rules for non-residents and the tax treatment of a conversion into a limited liability partnership, reveal Vispi Patel and Rajesh Athavale of Vispi T Patel & Associates, Chartered Accountants

  • Ruling on levy of capital gains tax

    April 01, 2010

  • India outlines how to handle derivative losses

    April 01, 2010

    The Indian Central Board of Direct Taxes has issued instructions to the country's tax authorities on how to handle losses on foreign exchange derivatives.

  • March 2010

    Indian court reiterates principle for withholding tax

    March 30, 2010

    The Delhi High Court has ruled that the obligation to withhold tax would arise only if the income is liable to tax in India.

  • Ruling on Indian PE criticised

    March 18, 2010

    A decision by the Indian Authority for Advance Rulings concerning permanent establishments (PE) has been heavily criticised by tax professionals and is likely to affect foreign multinationals operating in the country.

  • Global tax transactional survey

    March 01, 2010

    Throughout the world, tax transactional advisers have adapted their advice to best support their clients during the economic downturn. Jack Grocott, Catherine Snowdon and David Stevenson speak to advisers and taxpayers in Asia, Europe and North and Latin America.

  • An Indian perspective on recent OECD TP initiatives

    March 01, 2010

    Srinivasa Rao and Rajendra Nayak of Ernst & Young in India analyse OECD discussions and how they could and should affect the Indian transfer pricing rules.

  • India says software product sales are not taxable

    March 01, 2010

  • A calling for tax

    March 01, 2010

    A monthly commentary on the notable facts, figures and goings-on in the tax world.

  • February 2010

    India's budget confirms GST delay

    February 26, 2010

    India's finance minister has today finally confirmed that the country's new goods and service tax will be not be implemented in April this year.

  • Indian taxpayers attracted by tax disputes alternative

    February 12, 2010

    With the number of tax disputes in India increasing annually and some disputes lasting for several years, taxpayers are seeking an alternative to the traditional method of dispute resolution that is quicker and cheaper.

  • India says software product sales are not taxable

    February 04, 2010

    An Indian tax authority has ruled that the income from the sale of software products is not taxable.

  • India's Direct Tax Code unscrambled

    February 01, 2010

    A little more than six months ago, Indian officials asked taxpayers to comment on a new 256-page document that ripped up the country's 49-year-old income tax law. This was the first time that a tax law had been passed to taxpayers for consultation of any sort. The document, known as the Direct Tax Code (DTC), introduced widespread changes to the tax system all in the name of simplification and ease of use. But now, Jack Grocott discovers taxpayers and tax professionals are concerned that the code needs a drastic overhaul if India is to operate with an internationally-respected tax system that attracts foreign investment.

  • Driving the UN agenda on tax

    February 01, 2010

    Tax work at the UN can seem shrouded in mystery. Catherine Snowdon speaks to Michael Lennard about his career and the challenges of being the only tax technical specialist employed by the organisation.


    February 01, 2010

    This is a selection of the type of articles you can expect to find in TP Week. Inside is a collection of stories focusing on transfer pricing controversy and litigation.

  • Indian Supreme Court rules on software duplication

    February 01, 2010

    The Indian Supreme Court has granted a tax holiday to one taxpayer after ruling that the duplication of software from a master copy to a blank disc constitutes a manufacturing process.

  • TPA forms new links

    February 01, 2010

  • Ruling on levy of capital gains tax in a group reorganisation scheme

    February 01, 2010

  • HMRC feels unwell

    February 01, 2010

    A monthly commentary on the notable facts, figures and goings-on in the tax world, so called to give you a gentle exit from International Tax Review each month

  • January 2010

    India's dispute resolution panel is not mandatory

    January 29, 2010

    The Indian government has finally confirmed that the country's new dispute resolution panel is not mandatory, contrary to what taxpayers were led to believe.

  • India unlikely to implement GST on April 1

    January 27, 2010

    It is looking increasingly unlikely that India will be able implement their nationwide goods and service tax scheduled for April 1, amid growing disputes between officials at the state and central level.

  • India rules on tax liability of amalgamations

    January 25, 2010

    An Indian tax authority has ruled that the amalgamation of foreign entities into an Indian entity does not result in any tax liability for the foreign companies.

  • Audits cannot be reopened, says Indian Supreme Court

    January 21, 2010

    The Indian Supreme Court has offered some relief to taxpayers by ruling that audits cannot be reopened due to changes in opinions or without tangible new material.

  • Indian Supreme Court rules software duplication is manufacturing

    January 18, 2010

    The Indian Supreme Court has granted a tax holiday to one taxpayer after ruling that the duplication of software from a master copy to a blank disc constitutes a manufacturing process.

  • Supreme Court of India to review software purchases case

    January 13, 2010

    A case involving technology company Samsung has progressed to the Supreme Court of India.

  • Indian tax revenues rise

    January 12, 2010

International Correspondents