India cracks down on taxation of transfers within foreign firms

India is aggressively pursuing tax claims against multinational firms operating in the country as the government seeks to rein in its budget deficit, taking particular aim at IT and back-office functions, tax officials say.

It has targeted several multinational companies in recent years for tax audits on transfer-pricing, but over the past 12 months has widened the scope of the investigations, tax officials said.

via Business feed http://www.scmp.com/business/economy/article/1153051/india-cracks-down-taxation-transfers-within-foreign-firms