[aaykarbhavan] Fw: Safe Harbour -How Safe

----- Forwarded Message -----
From: CA. VMV SUBBA RAO <vmvsrao@gmail.com>
To: "a_solanki@sify.com" <a_solanki@sify.com>
Sent: Tuesday, 20 August 2013 8:22 AM
Subject: Safe Harbour -How Safe

Dear Memebers

Draft Safe Harbour Rules - How 'safe' is the harbour?

 

On Wednesday, CBDT has published much awaited draft Safe Harbour Rules, which are aimed at reducing litigation & alleviating uncertainty, while ensuring taxation of reasonable profits in India. CBDT has called for comments on these Rules by August 26, 2013.
 
Will the proposed rules really achieve the coveted objective of reducing TP litigation? Are the margins and threshold for application of Safe Harbour Rules reasonable enough to encourage taxpayers to opt for them? Do they give too much discretion to the tax authorities while judging the eligibility of international transactions /assessees for their application? 

 

SEE OPINION OF EXPERTS ON THIS RULES

 

Regards,

--

Best Wishes

CA. V.M.V.SUBBA RAO
Chartered Accountant
Door No.24-2-1885,
I Floor, Flat No.5,
Siddivinayaka Residency, I Cross,
Central Avenue, MSR Nagar,
Magunta Layout,
Nellore-524 003
Andhra Pradesh
India
Mobile:+91 - 0 9390221100
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e-Mail: vmvsr@rediffmail.com
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http://pdicai.org/MyPage/203038.aspx

http://vmvsraoco.icai.org.in/

Member- IT Committee of SIRC of ICAI

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