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India Quarterly May-July 2011

  • Industry focus: Infrastructure

    In the first of a regular series, Jai Mavani and Bhairav Dalal of PwC highlight the key challenges taxpayers face in key Indian industries. In this issue, the pair analyse the tax hurdles and opportunities in the infrastructure sector.

  • How to set up a German company in India

    India has long been a key location for German taxpayers looking to invest overseas. Sudhir Nayak of Sudit K Parekh in Mumbai and Sten Guensel of Ebner Stolz Monning Bachem in Stuttgart, provide a checklist for German taxpayers eager to take advantage of the booming economy and highlight pitfalls taxpayers should avoid.

  • Budget offers glimpse of next year’s tax changes

    Pallavi Joshi Bakhru of Walker, Chandiok & Co dissects the 2011 union budget and discovers that the government has made a number of significant changes that should prepare taxpayers for the introduction of the Direct Taxes Code next year.

  • Trends in cross-border transactions

    Aseem Chawla and Amit Singahania of Amarchand & Mangaldas & Suresh A Shroff & Co contemplate developments in the Indian tax legislation and its impact on cross-border transactions and what the best strategy for mitigating these challenges.

  • Developments in transfer pricing disputes

    The 2011 Finance Bill included a number of transfer pricing provisions including widening the powers of transfer pricing officers. Rajendra Nayak of Ernst & Young explains that these changes, twinned with a number of recent disputes means that taxpayers should begin preparing for more audits and disputes.

  • Leave India alone

  • India Supreme Court ruling confirms parliamentary extra-territorial jurisdiction

  • Uruguay-India tax treaty stalled

  • Budget proposals could make India the “strictest TP regime in the world”

  • An Indian GST in 2012 looking more likely

  • TPO accused of cherry-picking comparables

  • The uncertainty of India’s safe harbour

    Confusion over the interpretation of India’s 5% allowable variation in the difference between the actual price of transactions and the arm’s-length price led to the government amending the rule in this year’s budget, but, as Salman Shaheen finds out, the changes have only created further confusion and there is still no sign of long-awaited safe harbour rules

  • Officials talk certainty, disputes and the future

    India’s tax system is developing at a rapid rate. As a result, there is a lot of scope for legal and practical misinterpreting of the law. Jack Grocott gathered some of India’s leading past and present tax officials together to discuss how the system is progressing and what role they play in the future of the country’s economic growth.

  • Realising tax benefits in India

    US taxpayers are eager to do business in India. The economy is booming and the government has adopted a pro-investment policy that includes tax incentives for foreign investors. Erin Kelechava speaks to advisers to find out how US taxpayers can navigate a changing and often complex tax landscape.

  • Top indirect tax advisers put on the spot

    As the indirect tax structure in India is set to undergo some serious changes, it is vital to see how the most prominent names in this area of tax are serving their clients. Here the 10 most admired indirect tax advisers in India are revealed. Some of them have talked to Matthew Gilleard about the issues they face and how they overcome them. They also address how the constant changes to the way indirect taxes operate in India will affect taxpayers.

  • Join the campaign

    A campaign is building for the introduction of the inter-quartile range, and the acceptance of multiple year data, for transfer pricing documentation in India – a country that goes against the global best practice. Indian transfer pricing regulations are unique in the sense they require the computation of a single arm’s-length price, through the mean of comparables, instead of a range. Tax practitioners are not interested in being unique though. Sophie Ashley finds out why.

  • GST: A game changer for industry

    Santosh Dalvi of KPMG sheds light on the latest developments with India’s GST and offers a secotral analysis of how taxpayers can prepare for the new tax.

  • A ringside view of Indian litigation

    Tax disputes are still increasing in India despite efforts to cut the backlog. M P Sarda, Milin Thakore and Ketan Ved of Deloitte run through the options available to taxpayers involved in litigation and discover that controversy is engrained in the country’s tax system.

  • India widens and reworks information exchange

    Daksha Baxi and Ritu Shaktawat of Khaitan & Co discuss the attempts by the Indian government to recover the taxes and the unaccounted money held overseas by Indian taxpayers.


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