India - Will Budget Proposal To Modify the Term “International Transaction” Increase the Compliance for Indian Companies?
- S. Ray; A. Dattani
- International Transfer Pricing Journal, 2014 (Volume 21), No 5
- 13 August 2014
The authors review the proposed amendment to section 92B(2) of the Income Tax Act with regard to the definition of “international transaction” for transfer pricing purposes. Controversies arising from prior judicial decisions, as well as the potential impact of the amendment on global contractual arrangements of multinationals, are also considered.