Budget 2014-15: Transfer Pricing: Safe harbour norms for Share transfers Talks are going on that FM might propose via this Budget safe harbour norms for transfer of shares, from one group company to another group company, and it could be 20% mark-up of the share price. We understand that share transfer could not be compared with any routine business transaction and suggesting a fix mark-up on share transfers is totally an absurd way of reducing litigations. It would be more appropriate if CBDT introduces valuation strategies for such transfers after proper consultation with various stake holders. Also, it would be very useful and much needed relief if FM clarifies and excludes issue of fresh equity shares from the ambit of transfer pricing provisions.
Posted on: Sat, 05 Jul 2014 02:44:43 +0000
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