New Set of Rules to rein in transfer pricing disputes involving MNCs.
> Income tax authorities will not question the pricing of transactions between multinationals and their subsidiaries under certain situations, which will benefit a lot to IT, Pharma & Automobile sector.
> The idea is to ensure there is less litigation.
SMBs are now Start-Up darlings
> While TCS, Wipro, Infy etc earn more than $75 billion by providing software services overseas, the upstarts are targeting millions of small & medium businesses in India eager to adopt the latest technologies.
> Emergence of Cloud computing has made software usage very cost effective.
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