Tuesday, August 11
NEW DELHI: The Centre is considering a significant revamp of its permanent establishment taxation framework, reviving a long-pending proposal to adopt a formula-based method for attributing profits to non-resident enterprises having business connections in the country, people familiar with the discussions said.The move comes as global negotiations under the OECD’s Pillar One framework remain delayed, prompting the government to reassess domestic options for protecting its taxing rights while providing greater certainty to multinationals and digital firms operating in India.The Central Board of Direct Taxes (CBDT) is actively examining recommendations made by a committee appointed by it in 2018, which proposed a clear, rules-based mechanism for profit attribution where non-resident compan
New Delhi: India is likely to clock real gross domestic product (GDP) growth of 6.5-7% in the coming fiscal, supported by the continuing growth momentum, though policymakers should remain mindful of the looming geopolitical risks and weak global demand, according to an ET-PwC survey.As per the survey, 78% of respondents expect India's growth to remain in the 6.5-7% band in FY27, reflecting optimism arising out of the current growth momentum, which the majority of CXOs described as strong to stable, while 21% expect it to be between 6% and 6.5%, and only 1% of the respondents foresee it in the 7-7.5% range.Official advance estimates project India's economy to grow 7.4% in FY26 compared with 6.5% in the last fiscal.127027656 More than half the corporate leaders saw geopolitical shocks as the
