Shell India’s impact on corporates: Issuing shares to overseas parents at an alleged discount
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.
To access our market-driven intelligence please request a trial here.
Read this article – and more – for a one-week period.