The Indian Budget 2017 – Is It BEPS Compliant?

In this article, the authors canvass and critique measures announced in the 2017 Budget, which are designed to bring aspects of Indian domestic tax law into line with the OECD BEPS initiatives. These include the introduction of thin capitalization rules and transfer pricing secondary adjustments. The article also examines the government’s new place of effective management test of corporate residence and modifications to the rules on the taxation of gains from the indirect transfer of assets situated in India.