The subsidiaries of multi-national companies (MNCs) can settle their transfer pricing disputes under the proposed Vivad se Vishwas scheme, but will they have to bring in entire disputed money to India. Or else, the money not brought into India would be taken as loan from subsidiaries to headquarters on which interest has to be paid.
According to the amendments to Direct Tax Vivad se Vishwas Bill, the settling of dispute regarding transfer pricing adjustment would not have effect on the secondary adjustment. Secondary adjustment is repatriation of an excess amount that MNCs keep with ...
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First Published: Mon, February 24 2020. 22:10 IST
