The India-Hong Kong DTAA was signed on March 19 this year and came into force on November 30 after the governments of India and Hong Kong completed the relevant procedures required by their laws. Now, the Indian government on December 21 notified the DTAA, giving effect to the provisions of the tax treaty throughout the country. Nitin Narang, Partner shares his views on Govt gives three-month extension to US multinational firms in filing financial info for ET-CFO.

The India-Hong Kong DTAA was signed on March 19 this year and came into force on November 30 after the governments of India and Hong Kong completed the relevant procedures required by their laws. Now, the Indian government on December 21 notified the DTAA, giving effect to the provisions of the tax treaty throughout the country. Nitin Narang, Partner shares his views on Indian subsidiaries of multinational entities get more time to file ‘country-by-country’ reports for Hindu Business Line.

India is bolstering a tax program designed to reduce costly disputes with multinationals, after it came under criticism for being too burdensome. Advance pricing agreements (APAs) are ahead-of-time agreements between companies and tax authorities on pricing transactions between group entities. India introduced the system in 2012, in a bid to help stave off drawn-out lawsuits. Nitin Narang, Partner- Transfer Pricing shares his views on Test Ahead for India’s Intercompany Pricing Pacts for Bloomberg BNA- US.

1. Nitin Narang, Partner- Transfer Pricing shares his views on Test Ahead for India’s Intercompany Pricing Pacts for Bloomberg BNA- US.