Transfer Pricing Documentation

In the increasingly integrated world, where the intent of any transaction is always under scanner for being commercially driven v/s tax driven, documentation comes as a life saver. Meticulous maintenance of clear and consistent documentation demonstrating the business purposes and intent is of critical significance.

International Transactions being driven by the laws of two or more separate countries, documentation becomes very important. In India, the documentation with respect to the International Transactions is governed by Section 92D of the Income Tax Act, 1961 read with Rule 10D, Rule 10DA of the Income Tax Rules, 1962. (The transactions specified under Section 92B(1) entered into between the AE (either of whom are nonresident) is termed as International Transactions).

To maintain all the information as specified in the applicable rules & regulation, a Transfer Pricing Study Report is being prepared and kept. The primary objective of Transfer Pricing Report is to review the Arm’s Length Price of the transactions taking place between different Associated Enterprises of the Multinational Group. To know more, click below:

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