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Urvi Asher

Qualification : Chartered Accountant

Articles by Urvi Asher

Online advertising on foreign entity not taxable in India – An Analysis

Introduction The recent decision of ITO v. Right Florists P. L.   I.T.A. No. : 1336/ Kol. / 2011, deals with India™s right to tax payment made by an Indian entity (˜ICO™) to a foreign entity for online advertising services provided by the latter. Here, ICO made payments to Google Ireland and Yahoo USA (together… Read More

Tags: FCOForeign and Commonwealth OfficeGovernmentHyundai Heavy IndustriesIncome Tax ActIncome Tax Act 1961IndiaItalyOnline advertisingOrganisation for Economic Co-operation and DevelopmentPermanent establishmentThe Income-tax Act 1961United States

Applicability of RBI Guidelines to Income Tax

Introduction We are aware that foreign exchange regulations are governed by Reserve Bank of India (˜RBI™) and income tax regulations by the Central Government. Yet, is it possible to conclude that limits laid down by RBI can be considered as  Arm™s Length Price (˜ALP™) for the purposes of transfer pricing under the under Income tax… Read More

Tags: ALPArms Length Pricingforeign direct investmentIncome taxIndiamoney launderingReserve Bank of IndiaRoyalties

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