This transfer pricing case against Vodafone relates to assessment year 2008-09 over the sale of shares of the local subsidiary to a Mauritius-based group company.
As per Vodafone, no tax is payable on this transaction and thus they will file an appeal before the tax appeal tribunal very soon.
Transfer pricing is the value at which associated entities are allowed to undertake transactions between them. Transactions taking place between group companies located in different countries are to be priced at “arm's length” or at the fair price as if the transaction was undertaken with an un-related company.
India has also recently formally introduced International Safe Harbor Rules (SHRs) to allow taxpayers transfer pricing certainty, reports Nair & Co.'s Global Transfer Pricing (http://www.nair-
To learn more about the details outlined in India’s final SHRs read Nair & Co.’s previous press release (http://www.nair-
For more information about doing business overseas (http://www.nair-
Get the latest news releases and updates on international tax, HR, Finance, compliance and other legal news at Nair & Co. Industry Alerts (http://www.nair-
About Nair & Co.
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