Friday, 23 March 2012

Key amendments proposed by Indian Finance Bill 2012 to transfer pricing provisions

The Indian Union Budget for 2012-13 containing the tax proposals of the Government was presented by the Finance Minister to the Parliament on 16 March, 2012. The Finance Bill, 2012 (FB 2012) that was introduced as part of Budget Proposals includes a number of far reaching amendments to the transfer pricing (TP) provisions of the Indian Tax Law (ITL).
Source and more info: Ernst & Young