India’s apex direct taxes body has clarified that routine administrative functions carried out from a regional outfit of a multinational company, including handling of payroll, accounting and human resources, will not make it liable to tax on income earned outside the country. The move addresses a key concern of multinationals. Rahul Jain, Partner- International Taxation shares his views on aformentioned story for Economic Times- Stand alone story.

India Inc. barely took a sigh of relief after completing the implementation and first compliance cycle for Goods and Services Tax (GST), and the new compliances greet them. As the Government keeps taking steps to digitise the economy and increase the transparency, the Central Board of Direct Taxes (CBDT), on October 6, 2017, has issued draft rules on Country-by-Country Reporting (CbCR) and Master File (MF).   Specially for the Indian headquartered multinational groups (Indian MNCs) its back to drawing board and transfer pricing once again takes the centre stage in the board discussions. Rakesh Nangia, Managing Partner and Nitin Narang, Executive Director- Transfer Pricing contributed an article on Indian MNCs back to the drawing board for Hindu Business Line.