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