Any cross-border transaction between two related parties are eligible to transfer pricing provisions in India. The Indian Govt. announced Transfer Pricing Regulation vide Finance Act, 2001. The Transfer Pricing service provide for selecting the most suitable method among the various transfer pricing methods to validate the arm’s length nature of the transactions.
Eligibility and Procedure of AEO Certification
The World Customs Organization's (WCO) SAFe Framework of Standards launched the Authorized Economic Operator (AEO) programme. It was created to protect and facilitate international trade. The program aims to improve international supply chain security and make it easier for genuine commodities to flow. An entity engaging in international trade must be approved as complying with... Continue Reading →
How Outsourcing Accounting & Bookkeeping are beneficial for Companies
Accounting and Bookkeeping services are the most integral part of any type of company or business in India. Bookkeeping is a process where a company needs to track all the records related to income and expenses. Whereas, accounting includes understanding financial records to make an important decision in the business-like turnover, expenses, revenue, etc. Benefits... Continue Reading →
Procedure and Eligibility for Special Valuation Branch Registration
The Special Valuation Branch ("SVB") was created to look at the valuation of products imported from a related overseas source by an Indian party.
10 Key Things to Know About Expat Employee Salary and Their Taxability in India
A person living temporarily for working reasons in a different country other than his country of citizenship is an expat employee. The employee is working in a different country either individually or employed by an employer for a work-related project. Expat Tax professionals at ASC Group assists multinational groups in the mobilization of their resources... Continue Reading →
Advance Pricing Agreement (APA) – Types and Benefits
Advance Pricing Agreement was introduced in India by the Central Board of Direct Taxes in 2012 to minimise the dispute in the transfer pricing structure in India which required the Arm Length Price (ALP) for every international transaction. It was instituted by Finance Act, 2012 by adding section 92CC and 92CD that shall be read... Continue Reading →
What is the Importance of due diligence in Mergers & Acquisitions?
Usually, corporations rush into professional engagements without performing any due diligence or without taking a proper review of the corporate organization and significant documents of the company. The process of Merger & acquisition is the most suitable step taken by a company that decides its future. Therefore, proper due diligence of the financial accounts of... Continue Reading →
How to get an Importer/Manufacture License under Legal Metrology Act?
Import or manufacturing license is received after the model approval under Section 20. Importer and Manufacturer need to submit an application along with the required fee before one month of importing from the Legal Metrology Department. The license is granted by the state government where the goods will be imported. The next step is to... Continue Reading →
How Outsourcing Payroll and HR Services Help Business?
Introduction: The Human Resources in a company handle and manage the most important resource that is the employees or the workforce. There are various tasks such as generalization, recruitment, creating policy manuals and benefits along with screening and various talent development and many more activities like that. Outsourcing payroll and HR services allows a company... Continue Reading →
Guide to Permanent Establishment Tax in India
As per the Indian Income Tax Act, Permanent Establishment Tax is defined as a fixed place of business where it is fully/partially carried out by the enterprise. As per Double Tax Avoidance Agreement, Article 5(1) .it is an activity that generates income on being a connection with the business is taxable and all other business... Continue Reading →
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