BPO or KPO – The transfer pricing conundrum
TaxSutra - 4 March 2019
"Even though there appears to be a difference
between the BPO and KPO services, the line of
difference is very thin. Although the BPO services
are generally referred to as the low-end services
while KPO services are referred to as high end
services, the range of services rendered by the
ITES sector is so wide that a classification of all
these services either as low end or high end is
always not possible."
- Maulik Doshi
Read more athttps://bit.ly/2IUP2eZ
Angel Tax: No CBDT Relief For Ongoing Cases
Bloomberg Quint - 6 March 2019
"Any startup that allotted shares to its angel
investor prior to Feb. 19 and this case hasn’t come
up for assessment won’t benefit from the CBDT
notification either. So, this is more of a prospective
relief which is surprising considering the DPIIT
notification came as a result of representations
made by startups that had got Section 56(2) (viib)
notices."
- Maulik Doshi
Read more athttps://bit.ly/2tZzc8C
Future of income tax: From electronic to faceless assessment, tax officer not to be feared anymore
Financial Express - 21 February 2019
"While this is a welcome move, the government
should also focus on reduction of arbitrary
litigation by the Income Tax Department.
Currently, the Income Tax Department is one of
the top litigants in the country. Even though the
appeal filing limits have been increased recently,
the government should look at taking more
intensive measures to reduce arbitrary
litigation."
- Maulik Doshi
Read more athttps://bit.ly/2T70Y12