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JOINT SESSION OFINDIA AND USA BRANCHES OF
INTERNATIONAL FISCAL ASSOCIATIONAND
INTERNATIONAL TAX CONFERENCE
January 23-25, 2006
Hotel Taj Palace, New Delhi, India
Dear friends,
We, at the India Branch of International Fiscal Association, are honored to host the
joint session of IFA, India-US Branches and International Tax Conference on January 23
- 25, 2006 at New Delhi, India, focussing comprehensively on tax issues relating to cross
border investment, trade and services. We acknowledge the initiative for this meet
taken by the IFA-USA Branch.
The conference is open to IFA members and non-members. For those who are not yet
members of IFA, we may state that the IFA is the only world-wide representative body
of tax professionals, corporate finance and tax managers, tax administrators and
academicians. Its headquarters are at Rotterdam, Netherlands. India hosted 51st
World Congress of IFA in 1997, which was attended by nearly 1400 delegates from all
parts of the world. The US Internal Revenue and Indian Revenue Services are members
of IFA and will actively participate in the joint session and the conference.
You and your colleagues are invited to join the conference. We promise it will be a
great opportunity and unique platform for tax professionals to share their
experiences and learning.
The scientific agenda of the conference, details of networking opportunities, social
programme for delegates and partners, registration forms are in the accompanying
pages.
We look forward to seeing you.
Warm Regards
OP VaishConference ChairmanHony. President, IFA India Branch
Joint Session of India -USA BranchesAnd
International Tax Conference
Time Particulars
1500-1630 Joint meeting of the ExecutiveCommittees of IFA USA-IndiaBranches
1630-1700 Registration
1700-1715 Opening and Welcome remarks,Invocation, Lighting of the lamp.
1715-1720 Address by Chairman - IFA,India
1720-1725 Address by Chairman - IFA, USA
1730-1800 Inaugural Address
1800-1820 India economic update andtrends
Guest of Honour
1820-1920 Moderator
Comparative discussion of keyaspects of the Indian and USAtax systems both from astructural and administrativestandpoint.
1920-1945 A d d r e s s b y C h a i r m a n ,Permanent Scientific Committee,IFA
1945 Cocktails and dinner
2030 Address by the Dy. Chief ofMission, Embassy of USA inIndia*
* Invited
Tentative Scientific AgendaJoint Session of India and USA Branches of IFA and
International Tax ConferenceJanuary 23-25, 2006
Hotel Taj Palace, New Delhi, India
Monday, January 23, 2006
Speaker Format
O P Vaish, Senior AdvocateJim Tobin, E&YMukesh Butani, BMR &Associates
Roger Wheeler, GeneralMotors Corporation
T P Ostwal
Hon’ble Law Minister*
Adit Jain, IMA
Jairaj Purandare, PwC
Prof. Jean Pierre Le Gall
Robert O. Blake
Two 20 minutepresentationsfollowed by 20minute paneldiscussion
USA-Pam Olson, SkaddenArps, Slate, Meagher &Flom LLP
India- Gaurav Taneja, E & YSudhir Kapadia, KPMG
Mukesh Butani, BMR &Associates
USA-Bob Green, Director,International LMSB,Internal Revenue Service,Carol Dunahoo, Baker &McKenzie LLP
2 technicalpresentationsfollowed by paneldiscussion
Tuesday, January 24, 2006
Speaker FormatTime Particulars
Ist Technical Session TransferPricing
Moderator
0930-1100 Transfer pricing outsourcing /shared service centers
• Ind ia USA approachcomparison
Dr. P Shome, Advisor to FM
Speaker Format
India-Srinivasa Rao, E & YRupak Saha, GEV K Mangotra, IndianRevenue ServicePorus Kaka, Advocate
Shyamal Mukherjee, PwC
USA- Sam Maruca, Miller& ChevalierSteven Hannes, Mcdermott,Will & Emery
India - Samir Gandhi,Deloitte Haskins & SellsH. Srinivasalu, Commissionerof Income Tax, IndianRevenue Service
Jim Tobin, Ernst &Young LLP
USA- Jim Fuller, Fenwick& West LLPSimon Beaumont, IBMPeter Barnes, GeneralElectric Company
Ajay Vohra, VaishAssociates
USA- Peter Barnes, GECharles Cope, KPMG LLPJohn J Merrick, SpecialCounsel to the AssociateChief Counsel(International)
India- Dinesh Kanabar,RSM & Co.Pramod Kumar, Member,Income Tax Appellate Tribunal
Short technicalpresentationsfollowed bypanel discussion
Interactivepresentationfollowed bypanel discussion
• PE issues
• Created intangibles / USAproposed service regulations
1100-1130 Tea break
Moderator
1130-1300 Transfer Pricing- Othertransactions– Royalties– Tangible goods– Loans
Controversy Issues– Penalties– Appeal Procedures– Competent Authority
1300-1400 Lunch break
Moderator
1400-1530 Structuring US Investment intoIndia
– Holding structures
– Debt Equity
– Cross border finance issues/planning
– Licensing Issues
– Repatriation Planning
1530-1600 Tea break
Moderator
1600-1730 Tax Treaty Issues
– Analysis of USA-India Treaty
– Practical Issues in Operation
– A d d i t i o n a l I s s u e s f o rResolution
IInd Technical Session -India-USA Tax Treaty
2 technicalpresentationsfollowed by paneldiscussion
Wednesday, January 25, 2006
Date Particulars
IIIrd Technical Session -Indirect Tax
Session Moderator
0900-1100 Indirect Tax
– Features of recent VAT inIndia with reference tosupply chain
Gautam Doshi,ADA Enterprises
USA-Peter Zubrin, GM’sRegional Customs Counselfor Asia / PacificJim Fitzgerald, Dell
Technicalpresentationsfollowed by Q & Aafter eachindividual topic -USA speaker toadd practicalcommetnary
India-Shefali Goradia,Nishith Desai AssociatesKetan Dalal, RSM & Co.Rupesh Jain, VaishAssociatesSunil Kothare, Citibank
Justice Quadri, Authorityfor Advance Ruling
Roger Wheeler, GeneralMotors Corporation
USA- Phil West, Steptoe &Johnson LLPJeffrey Levenstam, Ernst &Young LLP
India- Sanjiv Chaudhary,KPMGVijay Mathur, MPCConsultants Pvt. Ltd.,Retd. IRS
Singapore- Gurbachan Singh,Khattar Wong & Partners
Bobby Parikh, BMR &Associates
USA- Oscar Teunissen /Puneet Arora, PwC LLPLawrence Zlatkin,GE Corporate Tax
India- Girish Dave, IndianRevenue Service
Mauritius- Uday Gujadhar,Multiconsult
USA- Roger Wheeler,General Motor CorporationJohn J Merrick, SpecialCounsel to the AssociateChief Counsel (International)Jim Tobin, Ernst & Young LLP
India- B M Singh, IndianRevenue ServiceD P Sengupta, Indian RevenueServiceRahul Garg,PricewaterhouseCoopers
Dr. P. Shome, Advisor toFinance Minister
O. P. Vaish, Senior Advocate
Presentations byIndia speakersfollowed by Paneldiscussion
Panel discussion
Panel discussion
– Recent changes in service taxwith particular reference toexclusion of export servicesand opportunity for servicetax credit maximization
– Trends in FTAs and impact onimport tariff
1100-1130 Tea Break
Guest of Honour
Session Moderator
1130-1315 Recent Treaty Trends
– Singapore
– Mauritius
– UAE
– Other
Impact for USA Investors
– Both multinationals andfinancial investors privateequity and mutual funds
1300-1400 Lunch
Session Moderator
1400-1515 Panel discussion on FinancialMarkets industry to debate onFII taxation, derivatives, privateequity and venture capital firms
Guest of Honour
Session Moderator
1515-1630 Panel discussion on importantpractical issues of tax policy, taxa d m i n i s t r a t i o n a n denforcement.
IVth Technical SessionRecent Treaty Trends
Vth Technical Session- TaxChallenges - Financial ServicesIndustry
Concluding Session
India- S Madhavan, PwC(VAT)Rajeev Dimri, BMR &Associates (Service tax)Sridhar, GSK (FTA’s)
Broad contents of technical sessions
1. 1st Technical Session on Transfer Pricing - Part I
2. 1st Technical Session on Transfer Pricing - Part II
3. 2nd Technical Session on India-US Tax treaty - Part I
4. 2nd Technical Session on India-US Tax treaty - Part II
5. 3rd Technical Session - Indirect Tax
The outsourcing of business processes to India has grown by leaps and bounds in the
past decade. Various models for outsourcing are being followed which have a
significant tax impact on the entity carrying out the outsourcing processes in India
and its US parent/client. The Indian Revenue authorities have issued certain
clarifications and guidelines in this regard. The tax aspects involve determination of
complex issues such as attribution of profit on an arms' length basis, PE creation and
development of intangibles etc. There is need for clarity on several aspects,
particularly in light of the India-US Tax treaty, proposed US transfer pricing service
regulations, tax efficient practices etc.
Transfer pricing regulations were formally legislated in India by the Finance Act,
2001. The Indian Revenue authorities have concluded the first set of audits. The
experience gained in the process by corporates, tax professionals and the Revenue
authorities would be of immense use and will help shape future planning of
international transactions and documentation to minimize litigation and work
towards standards acceptable to the tax payer and the Revenue. Transfer pricing of
non-routine transactions such as loans, technology licensing arrangements have
became a bone of contention in recent audit experience. The session will focus upon
sharing of audit experience, controversy aspects in relation to the administrative
appeal process, resolution under the Mutual Agreement Procedure (MAP) and related
penalties for non compliance.
Investment into India requires careful structuring to minimize the tax burden of the
investor by availing of the benefits available under the present Tax treaty between the
two countries. Planning and structuring various streams of Revenue from Indian
subsidiaries coupled with need to maximize repatriation strategies are important
considerations. Appropriate classification of such streams of income and suitable
credits in US are challenges typically faced by US MNC's. Credibility of Indian
Dividend Distribution tax under the US domestic law and treaty has been a
contentious issue. The liberalisation of the Indian economy and increased confidence
of US investors has led to a steady rise in cross border financing arrangements. With
Indian corporates investing in the US, financing by Indian holding companies of their
US subsidiaries is gaining significance. Such cross border financing entails
arrangements such as leasing, derivatives, hybrid structures etc., which have tax
implications under the domestic laws of both countries and the treaty.
India's Tax treaty with US was signed in 1989 after negotiations that lasted over 25
years. It is a comprehensive document with explanations and case studies. Over the
years, several aspects of the treaty relating to principles of attribution of income of PE
and characterization of income have come up for debate. Certain aspects have been
adjudicated in the appellate process and others have been resolved through the MAP.
The Indian competent authority has the largest number of MAP issues relating to the
India-US Tax treaty. The discussion on various aspects of treaty will highlight the
areas in which change in the present treaty is required, which will serve as a basis for
future negotiations.
Introduction of VAT on April 1, 2005 is labeled as mother of all tax reforms in post
independence era. The new scheme of taxation has significant impact on the cost
structure wherein successive sale transactions attract duty. An understanding of the
scheme and transition roadmap to full fledged GST system is crucial for doing
business in India. VAT would entail change in supply chains of all organizations and
could possibly be used as means to achieve cost competitiveness and enhanced
efficiency.
Given that the growth of services sector continues to outperform other sectors of the
Indian economy, service tax is gaining importance as a revenue raising tool. Service
tax is presently levied on the value of roughly 80 services with suitable input credit
mechanism and its scope is getting wider. The Government has recently notified
Export of Services Rules, 2005. The session will focus on maximization of credit set-
off, especially in light of availability of CENVAT credit.
The dynamics of global trade and opportunities provided by the multilateral trading
platform necessitate a continuous realignment of international trade strategies,
priorities and the legislative framework. India launched fresh initiatives for
concluding FTA's with several countries. India has concluded FTA's with Sri Lanka,
Thailand and recently, India signed a Comprehensive Economic Cooperation
Agreement (CECA) with Singapore. India is at advanced stage of negotiations with
Mauritius and working on strategic broad pacts with Japan, China, South Korea and
the ASEAN. Such pacts would increase cross-border business and open
opportunities for US based corporations to benefit from such bilateral/ multilateral
arrangements through regional holding companies.
The political and economic ramifications of changing trends in cross border treaties
are important considerations for global investors. Structuring investment into India
requires an adequate understanding of tax concessions and credits available through
different modes of channeling such investments. The focus on the recent
Comprehensive Economic Co-operation Pact with Singapore seems to have taken off
some of the gleam in taking the Mauritius route to invest into India, despite the Indian
federal Courts decision on the Mauritius treaty. Further, US investors have been
closely viewing the changes and evaluating other options. Some of the options
considered by US investors include use of Cyprus, Singapore treaties. In this context,
it is important to review the current scenario regarding investor-friendly routes to
investing in India and taking note of future expectations.
With India's ongoing reforms in the area of financial services, in general and banking
industry in particular, US investors are likely to keep a close watch on developments.
Tax challenges for a variety of players in the financial services industry cannot be
undermined. Audit experiences for significant US based banks, characterization of
capital gains by FII's, taxability of derivatives, sub-accounts maintained by FII's, role
of domestic custodians, structuring venture capital and private equity investments
are most debated topics. It is important to get perspectives about challenges faced by
the various FSI players.
In this final session, we will invite our panelists comprising the government, industry
and professionals for a wide-ranging discussion on the tax structure and policy
implications of recent economic developments in US and India. This is an interactive
session aimed to achieve the following objectives:
6. 4th Technical Session - Recent Treaty Trends
7. 5th Technical Session Tax challenges - Financial Services Industry
8. Concluding Session
* Key learnings and experiences of Indian subsidiaries of US MNCs
* Serve as objective inputs to guide policy makers and new treaty negotiations
* Feedback from US and Indian government nominees
Social Program Overview
Monday, 23rd January, 2006
Tuesday, 24th January, 2006
Half Day Tour of New Delhi(Delegates and Accompanying persons)
Visit to KAARU Crafts Museum and Sanskriti Kendra(Accompanying persons only)
TIMING: 1000 - 1400 HRS. DURATION: 4 HOURS
TIMING: 0930 - 1430 HRS. DURATION: 5 HOURS
New Delhi:
In sightseeing of New Delhi,
The city planned for the British by Lutyens is set in parks
and shaded avenues with wide boulevards that offer ever-changing
perspectives of its Victorian past. The majestic grandeur of Rajpath
forms a fitting backdrop for the colorful, annual Republic Day
Parade. It is surrounded by the buildings of the Government such as
the Parliament House, the President’s House and the Secretariat
Buildings at one end and the Imperial India Gate Memorial at the
other end.
we will take you to visit Humayun’s
Tomb, aptly called predecessor of Taj Mahal, built by Humayun’s
widow. Qutab Minar, an 11th century victory tower that rises to a
height of 73 meters. Drive past Government buildings, Rashtrapati
Bhawan, India Gate and Parliament House.
Lunch at Laziz Affair.
GALA DINNER AT TAJ PALACE
Start your day with a cup of coffee at KAARU. Experience the unique
collaboration of designers from rural and urban India and
indigenous artisans from across the country. Craft a piece of art
yourself to take back a memento.
The Sanskriti Kendra, a contemporary cultural complex is spread
over seven acres with 12 residential studios for artists from around
the globe to live and work in harmony with nature. It houses three
unique museums, Museum of Everyday Art, Museum of India
Terracotta and Museum of India Textiles. The complex is set in lush
greenery amid fragrant shrubs, birds and butterflies.
Lunch at the Sanskriti Kendra
EVENING THEME DINNER AT MAYFAIR GARDENS
Social Program Overview
Wednesday, 25th January, 2006
Thursday, 26th January, 2006
Friday, 27th January, 2006 - Sunday, 29th January,2006
Half Day Tour of Old Delhi(Accompanying persons only)
Viewing Republic Day Parade (Half Day)(Delegates and Accompanying persons)
Visit to Lotus Temple and Interfaith Service(Delegates and Accompanying persons)
GOLDEN TRIANGLE TOUR (Optional)(Delegates and Accompanying persons)
TIMING: 1000 - 1400 HRS. DURATION: 4 HOURS
TIMING: 0800 - 1200 HRS. DURATION: 4 HOURS
TIMING: 1200 - 1600 HRS. DURATION: 4 HOURS
Old Delhi:
In sightseeing of Old Delhi,
Explore the gracious Red Fort overlooking the Jama Masjid (thelargest mosque in India) and the crowded old Bazar, Chandni Chowk, of theerstwhile Mughal period.
we will take you to visit Jama Mosque, anarchitectural extravaganza of Shahjehan, Red Fort, a fort that containswithin it palaces and impressive public buildings, delicately carved inlaidand marbled Royal Chambers. There will be a stop at Raj Ghat, whereMahatma Gandhi was cremated.
Lunch at Chor Bizzare.
Every year on January 26th people line up in millions to watch the RepublicDay Parade, which starts early in the morning and continues for about 2hours. Among the visitors are the members of the Parliament, CabinetMinisters and various heads of States. The President of India takes thesalute on Rajpath as marching columns from the armed forces, tanks andmissile carriers rumble past. Camels and elephants sway along, schoolchildren turn cartwheels and transform the solemn occasion into a carnival.
An important landmark on the South Delhi skyline, the Lotus Temple isshaped in the form of an opening Lotus flower. It is believed that allreligious faiths teach compassion, sacrifice, purity and tolerance. The visitto the monument will be accompanied by a brief interfaith servicefollowed by Lunch.
(Back in Delhi by 2000 hrs on 29th Jan)
Cost: USD 675 in a double room (for 02 persons)
USD 620 in a single room (for 01 person)
Travel to the exotic city of Jaipur. Jaipur presents the palette of the Orientwith colorful people and its vibrant Rajasthani traditions - anunforgettable experience. From Jaipur, drive to Agra, via Fatehpur Sikri,the abandoned capital. In Agra enjoy the timeless wonder of the livingsymbol of love, the Taj Mahal. The magnificent monuments await you, andyou can experience the glory of the bygone Mughal Empire.
The Golden Triangle Tour will introduce you to the cultural richness of three magnificent cities - Delhi, Jaipur and Agra -and include a memorable visit to the Taj Mahal. Note that the Taj Mahal is closed on Friday 27th January and this tourhas been organized around that closing. For details please visit www.tciconferences.com/ifa/newdelhi2006.htm
Registration Form
JOINT SESSION OFINDIA AND USA BRANCHES OF THE
INTERNATIONAL FISCAL ASSOCIATIONAND INTERNATIONAL TAX CONFERENCEJanuary 23-25, 2006 • Hotel Taj Palace, New Delhi, India
REGISTRATION FORM (for Participants from India only)
I will attend the Joint Session of the India and USA Branches of the International Fiscal Association, tobe held January 23-25, 2005 at The Hotel Taj Palace, New Delhi, India.
Name : _________________________________________ Affiliation: __________________________________
Mailing Address : ____________________________________________________________________________
City/State/PIN: _______________________________________________________________________________
Phone : _____________________ Fax: ______________________ Email: ________________________________
Accompanying Person: _______________________________________________________________________
I enclose a payment in the amount of Rs. ________________ which represents:
Non-member registration
Registration fee: Payment Received on Payment Receivedor before Dec. 31, 2005 after Dec. 31, 2005
Rs. 17,000 Rs. 18,500
IFA member registration* q q
q q
Rs. 15,000 Rs. 16,500
20% group discount will be given to 3 or more participants from the same organization.
The Accompanying Person fee includes the Dinner functions on January 23 and 24 and specialprograms organized on the sidelines of the conference. The fee includes visits to places of historicalinterest, art galleries and museums, heritage walks and shopping tours for handicrafts jewelry andtextiles and the 26 January Republic Day Parade.
Cheque: made payable to “Travel Corporation India(Pvt.) Ltd.” and payable at New Delhi
Credit Card (record number below) Visa Master Card American Express
Signature: ____________________________
Card No.: __________________________________ Expiry Date _______________________________________
Contact Person: G.V.R. ShastriTravel Corporation (India) Pvt. Ltd.504-505, New Delhi House, Barakhamba Road, Tel: + 91-11-23315834-38; Fax: + 91-23316705New Delhi 110 001, India E-mail : [email protected]
Note : Refund is subject to a Rs. 1,200 processing fee and must be received in writing at the aboveaddress on or before Dec. 31, 2005.
The registration fee includes the refreshment breaks and lunch on 23 , 24 and 25 January, the Dinner on 23 and24 January. It also includes the social program on 23 January as well as the 26 January Republic Day Parade.
rd th th rd
th rd th
*IFA Membership No. _________________________
Membership subscription of IFA India Branch is Rs. 4,000 per annum. The discounted rate ofconference registration fee will be available to new IFA membership subscribers.Note:
Rs. 9,000Accompanying person fee:
Payment made by :
q
th
q
q q q q
Return completed registration form with your remittance to :
You can also register yourself for the conference through online registration form.Please visit us www.tciconferences.com/ifa/newdelhi2006.htm
Registration Form
JOINT SESSION OFINDIA AND USA BRANCHES OF THE
INTERNATIONAL FISCAL ASSOCIATIONAND INTERNATIONAL TAX CONFERENCEJanuary 23-25, 2006 • Hotel Taj Palace, New Delhi, India
REGISTRATION FORM (for Participants from outside India only)
I will attend the Joint Session of the India and USA Branches of the International Fiscal Association, tobe held January 23-25, 2005 at The Hotel Taj Palace, New Delhi, India.
Name : _________________________________________ Affiliation: __________________________________
Mailing Address : ____________________________________________________________________________
City/State/Zip/Country: _______________________________________________________________________
Phone : _____________________ Fax: ______________________ Email: ________________________________
Accompanying Person: _______________________________________________________________________
I enclose a payment in the amount of $ ________________ which represents:
Non-member registration
Registration fee: Payment Received on Payment Receivedor before Dec. 31, 2005 after Dec. 31, 2005
$745 $845
IFA member registration* q q
q q
$595 $695
20% group discount will be given to 3 or more participants from the same organization.
*IFA Membership No. _________________________
Membership subscription of IFA USA Branch is USD 130 per annum. The discounted rate ofconference registration fee will be available to new IFA membership subscribers.
The Accompanying Person fee includes the Dinner functions on January 23 and 24 and specialprograms organized on the sidelines of the conference. The fee includes visits to places of historicalinterest, art galleries and museums, heritage walks and shopping tours for handicrafts jewelry andtextiles and the 26 January Republic Day Parade.
The registration fee includes the refreshment breaks and lunch on 23 , 24 and 25 January, the Dinner on 23 and24 January. It also includes the social program on 23 January as well as the 26 January Republic Day Parade.
rd th th rd
th rd th
Note:
$395Accompanying person fee:
Payment made by :
q
th
q
q q q q
Cheque: made payable to “Travel Corporation India(Pvt.) Ltd.” and payable at New Delhi
Credit Card (record number below) Visa Master Card American Express
Signature: ____________________________
Card No.: __________________________________ Expiry Date _______________________________________
Contact Person: G.V.R. ShastriTravel Corporation (India) Pvt. Ltd.504-505, New Delhi House, Barakhamba Road, Tel: + 91-11-23315834-38; Fax: + 91-23316705New Delhi 110 001, India E-mail : [email protected]
Note : Refund is subject to a US$ 50 processing fee and must be received in writing at the above addresson or before Dec. 31, 2005.
Return completed registration form with your remittance to :
You can also register yourself for the conference through online registration form.Please visit us www.tciconferences.com/ifa/newdelhi2006.htm
Hotel Registration Form
JOINT SESSION OFINDIA AND USA BRANCHES OF THE
INTERNATIONAL FISCAL ASSOCIATIONAND INTERNATIONAL TAX CONFERENCEJanuary 23-25, 2006 • Hotel Taj Palace, New Delhi, India
Please fill this form in CAPITAL letters and send / fax it back to
G.V.R. ShastriTravel Corporation (India) Pvt. Ltd.504-505, New Delhi House, Barakhamba Road, New Delhi 110 001, IndiaTel: + 91-11-23315834-38; Fax: + 91-11-23316705
DELEGATE Mr. Ms.
________________________________________________________________
q q
Name:
FAMILY NAME FIRST NAME MIDDLE NAME
Affiliation:
Mailing Address:
_______________________________________________________________________
_______________________________________________________________________
_______________________________________________________________________
City State PIN: _______________________________________________________________________
Phone: ________________ Fax: __________________ Email: __________________________
Room Category Rate applicable (USD) Per Day
Single occupancy Double occupancy
Superior rooms
Deluxe rooms
Club rooms
Deluxe
Standard
225+taxes 250+taxes
250+taxes 275+taxes
280+taxes 305+taxes
170 + taxes 185 + taxes
115+taxes 130+taxes
Check in Date : ________________ Check out Date : __________________
Visa Master Card Amex
Card No. __________________________________ Expiry Date: ___________________________
Cardholder’s Name: ________________________ Cardholder’s Signature: ____________________
For the amount: __________________________ Date : ___________________
American Express Bank Ltd.
A Block, Hamilton House, Connaught Place, New Delhi - 110001 (INDIA)
Swift Code : AEIBINDX Account No. : 310354593
Beneficiary : Travel Corporation (India) Pvt. Ltd., New Delhi
Room Type Single Double
a) Credit Card
b) Bank Transfer
q q
q q q
Mode of Payment:
Kindly fill in the details and fax it to us at +91-11-23316705 / 23327468 along with a clear photograph of both sidesof credit card.
IMPORTANT! HOTEL RESERVATION : A block of rooms is available for registrants at a discounted conference rate at theConference Hotel. All registrants are requested to fax their accommodation requests to our official Event Manager at +91-11-23316705 or for online booking, please visit us at Unbooked roomswill be released for general sale after 2nd December 2005 and after that date the discounted conference rate will no longer beavailable to registrants. Please note the Hotel Accommodation can only be confirmed upon receipt of the total advancepayment. Rooms at Hotel Ashok and Samrat are subject to availability.
www.tciconferences.com/ifa/newdelhi2006.htm
Check in / Check out time is 1200 noon
Hotel
Taj Palace
The Ashoka
Samrat
New Delhi - Conference City
Delhi has seen the rise and fall of many empires which have left
behind a plethora of monuments that illustrate the grandeur
and glory of bygone ages. A city which traces its history to
Mahabharata, the great epic tale of wars fought between
estranged cousins, the Kauravas and the Pandavas for the city
of Indraprastha.
New Delhi, the capital of India, sprawled over the west bank of
the river Yamuna is one of the fastest growing cities in India. It
is surrounded on three sides by Haryana and to the east across
river Yamuna by Uttar Pradesh. Historically, the city has long
since been the foremost in political importance with successive
dynasties choosing it as their seat of power, between 13th and
17th centuries. Remnants of the glorious past survive as
important monuments in different parts of the city.
The myriad faces of the city are simply fascinating. In some places it remains a garden city, tree lined
and with beautiful parks, but in some places it can also be crowded with heavy traffic. Turbaned Sikhs,
colorfully dressed Rajasthani and Gujrati women, Muslim shopkeepers along Chandni Chowk in Old
Delhi, Tibetans and Ladakhis in the street stalls along Janpath and Kashmiris in the Handicraft emporia
around Connaught Place, all add to the cosmopolitan feel of the city. Soaring skyscrapers, posh
residential colonies and the bustling commercial complexes can be seen along with the ancient
historical monuments. Its boutiques and shopping arcades offer access to a wealth of traditional and
contemporary crafts from all over the country. Old Delhi, which looks entirely different from New Delhi
area, is about 6 km north of the city center.
TAJ PALACE, NEW DELHI - THE CONFERENCE VENUE
Taj Palace is one of the finest conference venues.
It is India’s (if not Asia’s) largest conference venue
with a total convention area of approximately
4,000 square feet. The convention hall has a
capacity of over 1000 guests.
The hotel offers modern aids including
simultaneous translation facility in 5 languages
for conferences and wireless broadband internet
access.
The Taj Palace has played host to numerous
heads of States, corporate moguls and high
profile businessmen from across the world.
Nestled in six acres of lush greens in the exclusive
diplomatic enclave of the City, the hotel is a 10
minutes drive from the city international Airport.
General Information
GENERAL INFORMATION
CLIMATE: Temperature - Minimum. 15°C, Maximum. 20°C
At the time of the conference, Delhi will be cold. Woolen clothing is
recommended.
: The main spoken language of India is Hindi. English is commonly used.
India lies five and a half hours ahead of Greenwich.
Electricity in India operates on 230-240V AC, 50Hz.
The currency of India is Rupee, which has 100 paise to it. The present
conversion rate is 1 US $ = Rs. 45.00 (approx) as on October 24, 2005.
Foreigners desirous of visiting India can do so after obtaining permission
in their country. They should possess a valid Passport. Visitors are
generally required to make an oral identification of their baggage and
foreign currency in their possession.
Valid Yellow Fever inoculations are necessary for all delegates coming
from or transiting through endemic Yellow Fever Countries.
Delhi has an excellent network of banking facilities provided by both
national and private banks. ATM Services are provided by many of them
throughout the city. Many hotels, restaurants and up-market stores
accept credit cards, mainly Visa, Master Card, Amex and Diners. Banking
Hours: Weekdays 10.00 a.m. to 2.00 p.m.; Saturdays till noon; Sunday
closed. Some private banks keep flexible hours.
Check in and check out time at the hotel is 12:00 noon. We expect the
month of January to be a peak tourist month, it is therefore advisable to
book your accommodation well in advance.
Tipping is entirely at your discretion. If you wish to do so 10% is
considered sufficient. Taxi drivers do not expect to be tipped but if you
want to give them any small change from your fare, it is perfectly
acceptable.
Delhi offers a kaleidoscope of India's arts and crafts. To save time and
unnecessary travel, study the map of Delhi and locate geographically the
various shopping areas.
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JOINT SESSION OFINDIA AND USA BRANCHES OF
INTERNATIONAL FISCAL ASSOCIATIONAND INTERNATIONAL TAX CONFERENCE
IFA India-International Fiscal Academy is a significant initiative of International Fiscal
Association - India Branch. Given the pace of integration of the Indian economy with the
global economy, the direction of India’s fiscal and tax reforms in the past few years have been
to align itself to global best practices. This has accentuated the need for an academic
institution to impart knowledge and training on international taxation. Further, the Academy
would undertake objective research and studies and act as a sounding board for the
government to shape future policies.
Currently, neither any independent body focuses on this subject nor any specialized courses
are offered at Universities in India. There is already need felt for capacity building within the
government and the corporate sector to handle complex cross border tax issues arising out of
emerging new technologies.
International Fiscal Association, which has been in existence for the past 60 years, has built a
reputation for scientific approach to complex tax issues and its studies and recommendations
have credibility with governments world over. The academy, we believe, will fill the void in
India and generate degree of teaming between the government and the tax payer.
The IFA US-India Joint Meeting and International Tax Conference, offers a unique
opportunity for professional services firms and corporates to participate in this
initiative through sponsorship support to this event.
Proposed Academy Building
IFA India - International Fiscal Academy
Hotel Taj Palace, New Delhi, IndiaJanuary 23-25, 2006
IFA India-USA Joint Sessionand International Tax Conference
Conference ChairmanO. P. Vaish
Honorary President, IFA India Branch
Conference Conveners
IndiaMukesh Butani
USAJim Tobin
Conference supported byAmerican Chamber of Commerce in India
US-India Business CouncilIndo-American Chamber of Commerce
(AMCHAM)(USIBC)
(IACC)
Conference AdvisoryCommittee
Conference Organizing Committee
India USA
Local Hosts-IFANorthern India Chapter
Ajay Vohra(Vaish Law)Ashok Wadhwa(RSM)B M Singh (IRS)Bobby Parikh (BMR)Dileep Choksi(Deloitte)Nishith Desai(Advocate)Rajiv Memani (E&Y)Rathin Datta (PwC)Roy Rohatgi(Professor)Sudhir Kapadia(KPMG)T S Krishnamurthy(IFA Academy)Zia Modi (AZB)
Ajay Bahl (AZB)Amrit Kiran Singh(AMCHAM)Anurag Jain (Vaish Law)Dinesh Kanabar (RSM)Ganesh Raj (E&Y)Gaurav Taneja (E&Y)Neeru Ahuja (Deloitte)O P Dani (IFA)Rahul Garg (PwC)Ramesh Bajpai(AMCHAM)Sanjiv Chaudhary(KPMG)S R Wadhwa(Advocate)T P Ostwal (Ostwal,Desai and Kothari)Vijay Mathur(IRS- retired)
Carol Dunahoo(Baker & McKenzie)Jim Fuller(Fenwick & West)Jim Tobin (E&Y)Peter Barnes (GE)Ron Somers (USIBC)
Ajay WadhwaA K SrivastavaGanesh RajNeeru AhujaPramod PatniRahul GargR L AhujaS C AgrawalS C ParijaVinod DhingraV P GuptaV P Verma
IFA India Executive Committee IFA USA Executive Committee
Ajay VohraAshok Kumar GoyalDhinal A ShahJairaj PurandareJitendra B SanghaviKetan DalalKuntal Jitendra DavePadamchand KhinchaPallav GuptaP K SahuPorus Farrok Kaka
Pradeep BhandariPradeep DinodiaPranav N SaytaP V S S PrasadRajesh V ShahSanjiv K ChaudharySohrab E DasturS R WadhwaSushil LakhaniT P Ostwal
Roger D. Wheeler,PresidentBrainard L. Patton, Jr.Carol A. DunahooDavid A. BerensonDavid J. RachofskyGerald T. BallGregory MayJeanne P. GouletJerome B. Libin
John F. NicolaiLarry R LangdonPeter A. GlicklichRichard L. DoernbergSanford H. GoldbergSteven J. CohenSteven P. HannesSusan F. KleinThomas H. GibsonWalter F. O'Connor
Conference web site: www.tciconferences.com/ifa/newdelhi2006.htm