Events

ANNUAL MEETING OF INDO-GERMAN CHAMBER OF COMMERCE IN DÜSSELDORF ON 21st June, 2017 Speech by Mr. C.S. Mathur

From left: Mr. Bernhard Steinrücke, Director General, IGCC Mumbai, Mr. C.S. Mathur, Ms. Mukta Tomar Dutta, Ambassador of India to Germany, Dr. Martin Ney, Ambassador of the Federal Republic of Germany in India, Dr. Dirk Wiese, Deputy Minister, Ministry for Economics and Energy at Annual Meeting of Indo-German Chamber of Commerce in Düsseldorf

At IHK Regensburg on 22nd June, 2017

Speech by Mr. C.S. Mathur at IHK Regensburg on 22nd June, 2017

Corporate Updates

Income from Offshore Supply of Equipment under an Umbrella Agreement is Not Taxable in India.

Tribunal rules on Dependent Agent PE and Place of Effective Management

Writing off of stock, purchased from Associated Enterprise, due to obsolescence held to be an extraordinary event and not an international transaction

Foreign exchange fluctuation treated as operating expense for determination of arm’s length price

Transaction between two domestic entities not deemed as International Transaction

Transfer Pricing Provisions to apply to transaction of sale of shares not chargeable to tax

Pre-2002 unabsorbed depreciation shall also be carried forward indefinitely; restriction of carry forward upto 8 years as imposed by Finance Act 1996 shall not be applicable

Changes in amount of Late Fee under GST law:

Amendments in Goods & Services Tax Rates:

Recent Notifications

Enforcement of various sections of Companies (Amendment) Act, 2017

Taxation and Company Law Compliance Calendar

Last Update 19/07/2017