Recent Tax Developments in India - Direct Taxes Code, 2013 and update of APAs
Audio Webcast | Duration: 90 minutes
11 April 2014 at 11:00 a.m. to 12:30 p.m. (IST)
Tax policy issues Direct Taxes Code, 2013 and Advance Pricing Agreements have again caught the interest of the India Inc. You can invite your clients for a webcast on Friday, 11 April at 11:00 a.m. where Rajendra Nayak, Tax Partner – International Tax Services shall discuss on the DTC proposal and provide the latest on APA.
The Direct Taxes Code (DTC) was introduced in the Indian Parliament in August 2010. Since then, there have been recommendations from various stakeholders, as well as, from the Parliamentary Standing Committee on Finance. As a follow-up on this initiative and as stated by the Finance Minister in his interim budget speech on 17 February 2014 a "revised" version of DTC 2013, has been released.
Another tax development that was closely followed and tracked by all stakeholders was APA, which was the launch in 2012 to provide a voluntary process, whereby, the Tax Authority and the taxpayer can resolve TP issues in a principled and cooperative manner on a prospective basis. Since the launch of the APA program, there has been an enthusiastic response from taxpayers and recent reports indicate that the Indian Tax Administration has concluded a few unilateral APAs.
The live webcast session will provide you an overview of some of the key proposals of DTC 2013 and as well as, an update on APAs in India.
Partner, International Tax Services and Tax
Knowledge & Solutions Group
Rajendra Nayak is a Partner with the Knowledge & Solutions Group. He is a Member of ICAI and holds a Masters degree in International Taxation from the Regent University School of Law, USA. His speciality areas are cross border structuring and transfer pricing.
Rajen has been rated by Euromoney's International Tax Review Magazine among the 'Top Tax Dispute Resolution Lawyers and Advisors in India’ for the years 2012 and 2013.
A noted international tax thought leader, Rajen has over 16 years of experience in tax consulting. He has considerable experience in advising companies on cross-border transactions, transfer pricing planning, documentation & controversy management and assisting companies in international tax planning. He has worked with a number of leading Indian and multi-national companies in the information technology and manufacturing sector.
Rajen is a regular speaker at conferences and has contributed several articles on international taxation. He is the co-author of the Indian chapter of IBFD’s book on Transfer Pricing Controversy and Dispute Resolution.