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The Finance Ministry has decided to invite scholars from IIMs, IITs, National Law schools, besides accountancy students for brainstorming sessions to get fresh ideas in the emerging areas of international taxation and transfer pricing.
The Ministry, through its Foreign Tax and Tax Research Division (FT and TR), has decided to begin a six-month internship programme for young scholars studying economics and finance at various reputed institutions across the country.
While international taxation deals with taxing of investments and business deals involving overseas assets and entities, transfer pricing refers to adjustment of charges made between related parties for goods and services rendered.
In view of the crucial importance of these areas of taxation in India's tax systems, it is felt desirable that there should be an internship programme in the FT and TR so that the officers of the department of Revenue and Income Tax, particularly of the directorates of international taxation and transfer pricing, are able to interact with young scholars with brilliant academic backgrounds from reputed academic institutions.
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