With the advent of globalization, a large number of multinationals setting up base in our country and Indian enterprises acquiring businesses overseas, international taxation has emerged as a very important and specialized new area of taxation. With flow of income from one jurisdiction to another, tax planning by modern day multinational enterprises is becoming the most integral part of their financial planning. For dealing with the challenges thrown in, the Directorate of International Taxation has been established under a Director General of Income Tax (International Taxation). |
