October 2023

GBCA Crossborder Insights -Tax & Regulatory Edge | October 2023

In an increasingly interconnected world, the prospect of studying abroad offers students a chance to broaden their horizons and owing to post covid travelling ease, there has been an increasing number of students going abroad for studies. However, this exciting abroad study opportunity comes with a web of compliance considerations that must be navigated. In view of this, we have covered the crucial aspects of FEMA implications and compliance that students need to be aware of before embarking on their global educational journey in the simplest way possible for easy understanding.

Related Party Transactions (RPTs) attract significant glare from regulators as well as investors and has implications under company law, securities regulations, and taxation laws. This newsletter covers related party transactions as defined by the Indian Companies Act, SEBI Regulations and Income Tax Act, throwing light on the regulatory framework and its implications.

Income Tax law specifically requires cross-border transactions between related parties (AEs) to be at Arm’s Length Price (ALP).This newsletter simplifies the broad meaning of Associated Enterprise (AEs) from Transfer Pricing perspective since the concept of AE forms the foundation of transfer pricing regulations. As the Transfer Pricing compliance due dates for the FY 2022-23 are approaching, we have covered brief article on various transfer pricing reporting compliance.

Navratri is here! It’s time to welcome Devi Durga at our doorstep and worship her with all the love and devotion. Let us pray that this Navratri, Maa Durga bestows us with her divine blessings. Shubh Navratri to you and your family!!!


With this we present our Bimonthly Newsletter – GBCA Crossborder Insights - Tax & Regulatory Edge focusing on various issues, amendments and recent trends in the areas of FEMA, International Tax & Transaction Advisory


Key Highlights of October 2023 Newsletter Issue are as under:

1. FEMA Implications and Compliances for Students Going Abroad

2. Related Party Transactions (RPTs)

3. Associated Enterprise under Transfer Pricing

4. Transfer Pricing – Reporting Compliances

5. Recent Updates and Case Laws/ FEMA Compounding Orders


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