With the emergence of multinational enterprises (MNEs) as a primary which for international trade, transfer pricing (TP) has emerged as a critical issue in the arena of international taxation. Tax authorities all over the world perceive TP as a convenient tool used by MNEs for shifting profits from one tax justification toanother calling for legislation to counter malpractices. The need for comprehensive legislation on TP has been felt in India too. The Finance Act 2001 sought to meet this need. This publication analyses various aspects of TP in general and the earlier provisions in the Indian law bearing on TP in particular with a view to evolving a TP tax regulatory framework for India. It was written prior to the recent changes in the Indian tax laws pertaining to TP. However, the legislative framework suggested here should serve as a model against which the new law may be evaluated.
ABOUT THE AUTHOR S.P. Singh
Dr. S.P. Singh, obtained degrees of B.Sc. (Hons.) Ag. & A.H. and M.Sc. (Ag.) Horticulture from G.B. Pant University of Agriculture & Technology, Pantnagar (UP) India in 1964 and 1970 respectively. In the same University, he conducted research and imparted technical know-how on seed production technology in cereal and vegetable crops to the progressive farmers of Tarai region of western U.P. He was awarded Senior Research Fellowship by CSIR, New Delhi leading to Ph.D. degree in Horticulture at National Botanical Reserch Institute, Lucknow under Kanpur University, Kanpur (UP) in 1974-78. He joined Konkar Krishi Vidyapeeth, Dapoli, Ditt. Ratnagiri (MS) as Assistant Professor in 1978 and worked in the cadre of Associate Professor from January 1979 to Nov. 1983 in the same University. Presently Dr. Singh is serving as Associate Professor of Horticulture at Gujarat Agricultural University, Junagadh Campups, Junagadh since December, 1983. Dr. Singh has published more than 50 research papers and 65 semi-research articles in Horticulture. Dr. Singh is a life member of the Indian Journal of Plant Science Research and Indian Farmers’ Digest His main areas of interests are floriculture, olericulture and plantation crops. He is author of three more books, viz. 1. Mist propagation, 2. The Gliricidia, 3. Scientific Management of Arecanut Gardens.
There are no reviews yet.