India’s draft rules requiring multinational groups to comply with the OECD’s country­by­country reporting and master file reporting procedures will “certainly” lead to an increase in transfer pricing investigations and litigation in the country, according to practitioners. Nitin Narang, Executive Director- Transfer Pricing shares his views on aforementioned story for Bloomberg-BNA.

The High Court of Bombay has agreed to review two legal principles behind a royalty tax demand on Reuters to determine whether the U.K.­based digital services provider is liable to pay Indian taxes on payments for access to its server located in Geneva. Rahul Jain, Partner- International Taxation shares his views on aforementioned story for Bloomberg BNA.

The government has been taking a number of steps for promoting and implementing the concept of e-governance with an intention to increase efficiency. It is often said that one of the reasons of non-compliance with income tax provisions by many taxpayers is their fear regarding huge paper-work and dealing with arbitrary or corrupt officials in the income tax department.

1. Shailesh Kumar, Director- Direct Taxation contributed an article on  Income tax returns filing: E-assessments need proper mechanism for Financial Express.

2. Shailesh Kumar, Director- Direct Taxation shares his views on The Tax Tangle story for Business Today magazine.