Uday Ved (KPMG India) Reaction on Budget 2012
DSIJ Intelligence / 17 Mar 2012
The FM has proposed to introduce Advance pricing agreement in Finance Bill 2012 for transfer pricing. The said provisions are in Direct taxes code Bill but the same are preponed this year in view of DTC being delayed. This is a very welcome step and will provide certainty and reduce TP litigation. Similar provisions are there in countries like USA, China, etc and are very welcome globally.
Uday Ved
Head Tax, KPMG India
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