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	<title>TaxGuru &#187; types of taxes</title>
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		<title>Direct Tax Code- Proposed Changes in Transfer pricing regulations</title>
		<link>http://taxguru.in/income-tax/direct-tax-code-changes-in-transfer-pricing-regulations.html</link>
		<comments>http://taxguru.in/income-tax/direct-tax-code-changes-in-transfer-pricing-regulations.html#comments</comments>
		<pubDate>Sat, 14 Jan 2012 00:09:46 +0000</pubDate>
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				<category><![CDATA[Income Tax]]></category>
		<category><![CDATA[arm length]]></category>
		<category><![CDATA[Direct Tax Code]]></category>
		<category><![CDATA[dtc]]></category>
		<category><![CDATA[penalty provision]]></category>
		<category><![CDATA[price agreements]]></category>
		<category><![CDATA[price mechanism]]></category>
		<category><![CDATA[safe harbor]]></category>
		<category><![CDATA[shareholding]]></category>
		<category><![CDATA[sweeping changes]]></category>
		<category><![CDATA[tax payers]]></category>
		<category><![CDATA[transaction value]]></category>
		<category><![CDATA[trnasfer pricing and Direct Tax Code]]></category>
		<category><![CDATA[types of taxes]]></category>

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		<description><![CDATA[The issue of transfer price affects various types of taxes. Under Custom Laws, special valuation branch examines the validity of the transaction value between associated enterprises. In Service Tax law, service tax has been imposed on import of service through reverse charge method and it is expected that Service Tax department would like to examine the value of services imported (or exported) to associated enterprises. In Income Tax, it is transfer price mechanism which takes care of this situation.]]></description>
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