We are pleased to present the latest edition of Tax Street – our newsletter that covers all the key developments and updates in the realm of taxation in India and across the globe for the month of April 2019.

CBDT issued draft profit attribution rules which would impact foreign companies having business connection/PE in India and new tax return forms were notified. Apart from this, a string of crucial announcements and rulings in the realms of direct tax, transfer pricing and indirect tax have taken place. In this issue of Tax Street, we have tried to collect and synthesize all these significant developments to draw a holistic picture of the current tax landscape in India for your understanding.

  • The ‘Focus Point’ section talks about the Draft CBDT guidelines on Profit Attribution to Permanent Establishment to ensure certainty on profit attribution.
  • Under the ‘From The Judiciary’ section, we provide in brief, the key rulings on important cases and our take on them.
  • Our ‘Tax Talk’ provides key updates on the important tax-related news from India and across the globe.
  • ‘Compliance Calendar’ - we list down the important due dates with regard to direct tax, transfer pricing and indirect tax in the coming weeks.

We hope you find our newsletter useful and we look forward to your feedback. You can write to us at taxstreet@skpgroup.com. We would be happy to hear your thoughts on what more can we include in our newsletter and incorporate your feedback in our future editions.

Warm regards,
The SKP Team