https://www.taxtmi.com/news?id=11628 Data on foreign companies' outward dollar transfers is not centrally maintained; to prevent profit shifting the government analyses selected international transactions under Chapter X of the Income Tax Act and applies transfer pricing adjustments. Section 92(1) mandates computation of income from international transactions on the arm's length principle. Income of foreign companies is taxed under the Income Tax Act and applicable double taxation avoidance agreements, and specific provisions addressing avoidance of tax and special source taxation apply. en-us Fri, 30 Aug 2013 17:15:15 +0530 Fri, 30 Aug 2013 17:15:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=11628 Data on foreign companies' outward dollar transfers is not centrally maintained; to prevent profit shifting the government analyses selected international transactions under Chapter X of the Income Tax Act and applies transfer pricing adjustments. Section 92(1) mandates computation of income from international transactions on the arm's length principle. Income of foreign companies is taxed under the Income Tax Act and applicable double taxation avoidance agreements, and specific provisions addressing avoidance of tax and special source taxation apply. News - Fri, 30 Aug 2013 17:15:15 +0530 https://www.taxtmi.com/news?id=11628