9911796707
TMI BlogGovernment Approves Issue of Circulars on Identification of Contract R&D Service Provider With Insignificant Risk and on Application of Profit Split Method Based on Recommendation of the Rangachary Committee; These Circulars Will Help in Providing Certainty to the Taxpayer on Issues Relating to Transfer Pricing of Development CentreX X X X Extracts X X X X X X X X Extracts X X X X ..... Government Approves Issue of Circulars on Identification of Contract R&D Service Provider With Insignificant Risk and on Application of Profit Split Method Based on Recommendation of the Rangachary Committee; These Circulars Will Help in Providing Certainty to the Taxpayer on Issues Relating to Transfer Pricing of Development Centre - News and Press Release Dated:- 28-3-2013 - News - The Rangach ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ary Committee had submitted its report on Taxation of Development Centres and IT Sector on 14 th September, 2012, making recommendations on the following issues: parameters to identity contract R D services provider with insignificant risk, application of profit split method, Condition for eligibility to claim deduction under section 10A , 10AA 10B of Income Tax Act 1961 (the Ac ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t). After having examined the recommendations of the Committee, the Central Board of Direct Taxes (CBDT) has already issued a circular No. 01/2013 dated the 17 th January, 2013 on issues relating to export of computer software under Sections 10A , 10AA , 10B of the Act. The Government has now approved issue of circulars on identification of contract R D service provider with insignif ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... icant risk and on application of profit split method based on the recommendation of the Committee with the following details: Circular on application of profit split method : Circular No. 2/2013 dated 26.3.2013 Circular on condition relevant to identity development centres engaged in contract R D services with insignificant risk : Circular No. 3/2013 dated 26.3.2013 CBDT is of the view that ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... these circulars will help in providing certainty to the taxpayer on issues relating to transfer pricing of development centre. These are being placed today on website www.incometaxindia.gov.in DS (Release ID :94327) - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
