India, Feb. 14 -- The Government of India has issued a release:
Key Takeaways
India Semiconductor Mission (ISM) 2.0
Electronics Components Manufacturing Scheme (ECMS)
IT Services Simplification and Safe Harbour Provisions
Safe Harbour Margin
Unilateral Advance Pricing Agreement (APA)
A "Safe Harbour Margin" (under the Income Tax Act) refers to a specified profit margin declared by a taxpayer for certain international transactions, without detailed checking, if it meets prescribed conditions and provisions.
Unilateral Advance Pricing Agreement (under the Income-tax Act) refers to an agreement entered into between a taxpayer and the Central Board of Direct Taxes (CBDT) to determine, in advance, the price charged, for specified interna...