Advertising & Marketing Promotion (AMP) an International Transaction?

Section 92B of the Income Tax Act defines `international transaction’. So let's start with a simplified reading of the section. Simplifying Section 92B - International Transaction The section primarily classifies the combination of party types and transactions that results in an international transaction. Party types Transaction between two or more associated enterprises, either or both … Continue reading Advertising & Marketing Promotion (AMP) an International Transaction?

Madras High Court takes on Pharmaceutical Firms

A legal and ethical issue has been brought before the Madras High Court by the tax department raising a conflict in the applicability of the laws applicable to the pharmaceuticals company and the allied health industry. The developments are almost Shakespearean. In Shakespeare's play - Macbeth - Macbeth asks the three witches to predict his … Continue reading Madras High Court takes on Pharmaceutical Firms

Riverus Strategic Income Tax Research Tool v2.0 is out!

We are excited to share with you that our Riverus Strategic Income Tax Research tool had not only got new looks but also is packed with robust functionalities. This tool will save your research time by offering answers to your queries in seconds. Check this quick video to get sneak peek. To get a demo … Continue reading Riverus Strategic Income Tax Research Tool v2.0 is out!