In recent years, multiple tax compliances, tax strategies, evolving business model, digital economies, etc. have garnered significant attention. Amendments to tax treaties and introduction of new tax schemes came thick and fast by individual countries to prevent their tax base erosion, and all this, led key stakeholders to take a concerted effort to overhaul global tax landscape. In India, Country by Country Reporting and Master File took centre stage, along with GST.   “It is important that companies look at control frameworks in connection to data sources, formats and content that is delivered digitally to various government agencies world over” says Nitin Narang, Partner – Tax & Transfer Pricing in an exclusive interview with ET CFO  discussing the challenges and the way ahead for international groups when filing CbC reports.

1.       Nitin Narang, Partner – Transfer Pricing shares his views on aforementioned story for TP Week(International Tax Review).

The income tax appellate tribunal (ITAT) has upheld the arm’s length price (ALP) adjustment against Vodafone India Services by the income-tax department. However, the Ahmedabad bench of the tribunal said that the department needed to modify the order that attributed Rs 1,588 crore as business income to the assessee and recalculate the liability of the firm under capital gains. Nitin Narang, Executive Director shares his views on aforementioned story for following publications:

1. Business Standard
2. Financial Express