Transfer Pricing in India was introduced in 2001 for curbing tax avoidance by laying down norms for computation of income arising from international transactions having regard to the "arm's length price". The Indian Transfer Pricing Regulations (TP Regulations) comprise Sections 92 to 92F of the Income-tax Act, 1961 ("the Act"). The TP Regulations have been primarily modelled on the Transfer Pricing guidelines for Multinational Enterprises issued by the Organisation for Economic Co-operation and Development (OECD).
Key requirements of the TP Regulations
(Specified Domestic Transactions: From Financial Year ("FY") 2012-13 Transfer Pricing compliance also applies to specified domestic transactions (exceeding INR 50,000,000) as per newly inserted section 92BA in the Income-tax Act, 1961 (pending acceptance by the Parliament and Presidential assent)).
What it means for multinationals with Indian businesses?
How can we help you?
As one of the leading advisers to companies like yours, RAMANAND & ASSOCIATES understands the need to approach the transfer pricing norms in a verycustomised manner that provides valuable inputs to the management so as to facilitate their decision making. Our Transfer Pricing professionals provide comprehensive solutions tailored to your business objectives after profiling the exact nature and the extent of the transactions. The process for a year-end compliance or a planning exercise typically includes the following steps:
Specific Service Offerings in Transfer Pricing
Our specialist team is competent to assist your company in the following areas of Transfer Pricing:
Transfer pricing services is provided by KYMR Management and Consultancy Pvt. Ltd.