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About Us

We are a Team of Professionals led by competent and experienced Ex-Big4 Team Members.

We offer Professional Services in the areas of Corporate Tax (including M & A Tax), International Tax, Tax Treaty Matters, Transfer Pricing, GAAR, FEMA, and Valuations, Indirect Tax laws, Accounting, and Business Support Services, Advisory, and Consultancy, ending with Auditing and Assurance.

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Client Story

Tax Problems which we have solved for our Clients.

Insights

The Future of Tax Planning in the Era of GAAR

These are uncertain times; these are exciting times. We are stepping out of the Old; we are stepping into the New The path of taxation, a path on which we walk with undying enthusiasm, is bending ahead. Beyond the bend lies the new world of taxation, a world inhabited by BEPS, MLI, POEM and GAAR. Of these, GAAR truly is intimidating, standing – sternly – in the way of tax planning, compelling us to instil an element of caution in all our tax planning ventures. Unless we equip ourselves to deal with the challenges posed by GAAR, unless we understand how GAAR affects tax planning, we will not succeed in serving those who, with such reverence, rely on us to take care of their tax matters. Our tradition of service urges us to ponder: how do we achieve tax-efficiency in the era of GAAR?

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Taxwize Team

10 issues in benchmarking Commodity Exchange Price-quotes as CUP

Commodity transactions, both exports and imports, are quite common between Associated Enterprises (AEs).
These transactions have one distinct feature: the prices are quoted in public on reputed Commodity
Exchanges (e.g. London Metal Exchange, Chicago Board of Trade, Multi Commodity Exchange of India,
Malaysian Palm Oil Board,etc.) and published by reputed Price Reporting Agencies (PRAs – like World Oil,
Argus, Platts, Bloomberg,etc). Data of independent third party transactions, therefore, is available in plenty in
the form of price-quotes, on exchanges and in reports of PRAs.

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Taxwize Team

OECD BEPS Action Plans 8-10: How to Price Intra-Group Transactions involving Intangibles?

Consider this case. An Indian E-Commerce Company (say, India E-Com Ltd.) partly develops valuable Intangible (unique software to conduct and manage online retail business) for e-commerce, through in-house R & D. India E-Com Ltd. transfers the partly-developed  software to its Ireland Subsidiary for a lump sum consideration. The  intangible in the form of partly-developed software is hard-to-value. That is because of these reasons

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Taxwize Team

How do We Attribute Profits to a Permanent Establishment?

Commodity transactions, both exports and imports, are quite common between Associated Enterprises (AEs).
These transactions have one distinct feature: the prices are quoted in public on reputed Commodity
Exchanges (e.g. London Metal Exchange, Chicago Board of Trade, Multi Commodity Exchange of India,
Malaysian Palm Oil Board,etc.) and published by reputed Price Reporting Agencies (PRAs – like World Oil,
Argus, Platts, Bloomberg,etc). Data of independent third party transactions, therefore, is available in plenty in
the form of price-quotes, on exchanges and in reports of PRAs.

Read more... 
Taxwize Team

The Future of Tax Planning in the Era of GAAR - How GAAR affects Structuring of Inbound Investments into India?

These are uncertain times; these are exciting times. We are stepping out of the Old; we are stepping into the New. The path of taxation, a path on which we walk with undying enthusiasm, is bending ahead. Beyond the bend lies the new world of taxation, a world inhabited by BEPS, MLI, PoEM and GAAR. Of these, the GAAR truly is intimidating, standing – sternly – in the way of tax planning, compelling us to instill an element of caution in all our tax planning ventures. Unless we equip ourselves to deal with the challenges posed by GAAR, unless we understand how GAAR affects tax planning, we will not succeed in serving those who, with such reverence, rely on us to take care of their tax matters.

Read more... 
Taxwize Team

GAAR - Interest Deduction or DDT (Dividend Distribution Tax) - GAAR can Re-characterize your Interest payment as a Dividend payout

Imagine you have arranged loan for your Company, and the Tax Authorities determine (please see Para 4 below for situations in which the Authorities may do so) that the loan-arrangement is not permissible under General Anti-Avoidance Rule (GAAR). What are the consequences?  The Assessing Officer is granted authority (Sec. 98 of Income Tax Act 1961) to re-characterise the Loan (Debt) as Equity and can, by virtue of that authority, re-characterise Interest paid by your Company as Dividend payout. As a result, the deduction for interest payment will be disallowed; instead Dividend Distribution Tax (DDT) will be levied as if dividend – not interest – is paid by your Company. At the same time – unfortunately – the interest income booked by the Lender will not be reduced from the Lender’s taxable income. Why? Because there is no specific provision enabling compensating adjustment and the CBDT has clarified through Circular dated 27th January 2017 that no compensating (or corresponding) adjustments will be granted in GAAR cases.

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Taxwize Team