Tax related regulatory affairs are in limelight in India these days. The chief among these issues is the transfer pricing laws of India that are claimed to be violated by many multi national telecom companies in India.
For instance, Shell India has received a transfer pricing order from Indian tax authorities. Similarly, Nokia has been accused of violating income tax and transfer pricing laws of India. So much so that forensics analysis of Nokia’s computer used to download software in India has been undertaken by tax officials.
See Corporate Laws In India for more.