The SKP Advantage
We are pleased to present the first edition of Transfer Pricing 360˚, our quarterly newsletter providing insights into transfer pricing developments in India and abroad. We aim to provide information on the latest happenings in India, significant case laws pronounced, and provide an insight into some contentious transfer pricing issues.
The policy proposals presented in the Union Budget 2014-15 will have a varying impact on different sectors. Our tax teams looked at the impact of the proposed amendments on five sectors: Automotive, Information Technology and IT-enabled Services, Infrastructure, Life Sciences and Healthcare, and Real Estate.
With an aim to simplify the FDI process, the RBI announced the withdrawal of all existing guidelines relating to valuation in case of an acquisition/sale of shares of an Indian company. The valuation would now be based on internationally acceptable market practices.