A key element of international tax law, transfer pricing guarantees that transactions between related parties are carried out at arm’s distance to stop profit shifting and tax evasion. Section 92CA of the Income Tax Act, 1961 describes
In a significant development, the Ministry of Finance issued new rules governing compounding proceedings under the Foreign Exchange Management Act (FEMA), 1999, through the Foreign Exchange (Compounding Proceedings) Rules, 2024. The notification, dated 12th September 2024, outlines the procedures for
