16.10.2009Transfer Pricing
India's proposed Direct Tax Code 2009 includes sweeping transfer pricing changes
India's Finance Ministry has released a draft Direct Taxes Code to replace the current Income Tax Act, which dates back to 1961. The draft code's aim is to simplify the existing tax structure and pave the way for a single unified taxpayer reporting system. The draft code proposes extensive changes that would affect the taxation of all taxpayers, including major proposed amendments to India's transfer pricing regime. Read more
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