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Tax authorities could probe Indian startups that ‘flipped’ overseas for transfer price violations

Shortpedia

Content Team
Image Credit: shortpedia

Tax authorities are known to be investigating possible transfer price violations by startups that flipped their structures to hold their assets, shareholding, and in some cases even intellectual property outside India. In the last few years, multiple startups have created foreign companies in the US or Singapore, among other countries, for holding their Indian businesses.