Presumptive taxation Transfer Pricing – International Taxation Case Study GGC & CO. is a reputed firm of Chartered Accountant in Gurgaon, dealing in Audit, Direct Taxation, GST, Merger and Acquisition and cross-border taxation, etc. Following clients approached such firm for computation of their income-tax liability and filing of their income-tax return Mr. A engaged in … Read more
Income deemed to accrue or arise in India – Transfer Pricing – International Taxation Case Study Mr. Amar is working as a tax advisor for a law firm based in Lajpat Nagar, Delhi. He has two sons, namely, Akbar and Anthony who both went to Country X in 2010 after completing their LLM from Netherlands … Read more
Applicability of Transfer Pricing and Base Erosion – International Taxation Case Study Identify whether transfer pricing provisions would be applicable on the following transactions : – Interest free loan given to the Indian company by its parent Interest free loan given by the Indian company to its wholly owned subsidiary in Japan Free laptops provided … Read more
Notified Jurisdictional Area Transfer Pricing – International Taxation Case Study CBDT has notified Country A as NJA u/s 94A on April 01, 2017 due to lack of effective exchange of tax information with India. On August 01, 2017, X Ltd. has received a loan of Rs. 10,00,000 @10% per annum from Y LLC., who is … Read more
Advance Pricing Agreement (APA) Transfer Pricing – International Taxation Case Study Identify which of the APA can be entered into in the following cases : – Particulars Country A Country B Country C Indian Treaty Yes No Yes Relevant MAP Article 25 NA – However, Country B – USA Treaty has a MAP Article No … Read more
Cost Plus Method Transfer Pricing – International Taxation Case Study Doorlock India is a company incorporated under the Companies Act, 2013, a wholly owned subsidiary of Doorlock USA, and has a factory in Haryana. It is engaged in manufacture of door locks , door handle and other security product. Amongst several other products, the company … Read more
Secondary Adjustment Transfer Pricing – International Taxation Case Study Gama Ltd., an Indian company, has provided you the following information for year ended 31.3.2019 : – Transaction Related Enterprise Amount as per Invoice (Rs. in crores) Amount as per ITR Purchase of raw-materials Gama , China 200 180 Payment of royalty Gama Pty Singapore 100 … Read more
Whether two Enterprise are Associated Enterprise – Transfer Pricing – Case Study (a) Based on the following data, you are required to ascertain whether Chappel Inc., and Hetal India Private Limited, are Associated Enterprises, in respect of each of these criterion (assume each one of them on a standalone basis): – (b) Which transaction will … Read more
Applicability of Base Erosion Concepts – Transfer Pricing – Case Study The case of Alpha Inc. was picked for scrutiny assessment u/s 143(2). Given the large number of international transaction, the AO referred the case to the Transfer Pricing Officer to determine the arm’s length price. Keeping in mind the provisions of Base Erosion, you … Read more
Case Study – Transfer Pricing Penalties India Fulcrum India Private Ltd., is an Indian company in which Sunil holds following shareholding : – Nature of Instrument Number Held by Sunil Equity Shares 10,000 2,400 Non-convertible preference shares 50,000 50,000 During financial year 2018-19, Fulcrum India paid a remuneration of Rs. 5 crores to Sunil, who … Read more