Shell India’s impact on corporates: Issuing shares to overseas parents at an alleged discount

June 04 2013

The latest transfer pricing controversy to hit unlisted (closely held) Indian corporates is the attempt by the taxman to compute a higher arm’s-length price (ALP), in respect of the shares issued by them to their overseas parent. Vijay Krishnamurthy, CFO, Company Secretary & Legal Head of Smartplay Technologies, an IT Services company based in Bangalore, discusses the impact these tax issues can have from a non-tax executive perspective.

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