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Transfer Pricing Countries

Blog : 800 cos slapped with Rs 10k cr transfer pricing demand

Officers have asked about 800 companies in India to pay additional tax on account of transactions with their parent companies/subsidiaries or associate companies overseas. As these are related parties, the actual transaction value may not be reported to authorities. Transfer pricing rules make it mandatory for counterparties to provide documentary proof of the transaction value.

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DRP is optional 01-02-10
Dispute Resolution Panel Notification 20-11-09
FORM NO-35A(DRP Form) 20-11-09
FORM NO-36b(Form of appeal to the Appellate Tribunal) 20-11-09
Transfer Pricing Guidelines 2009 2-09-09
New Direct Tax Code 21-08-09
Form 3CEB 25-07-09
IT-Industry-Analysis 25-07-09
Changes in Transfer Pricing Provisions 15-07-09
Recent Pune Tribunal judgment 10-07-09
ITAT, Delhi - Brief gist of the Order 05-07-09
Budget Impact 2009 - Ernst and Young Report 01-07-09

Transfer pricing related links

Finance Ministry
Ministry of Finance : India

RBI
Reserve Bank of India

ICAI
The Institute of Chartered Accountants of India

Tax Directory
All Countries TP related information avilable in this directory

IND - 2009
Country Statistics Analysis 2009

IMF Academy
Transfer Pricing Tranining and Study Center

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Transfer Pricing : Services in India

Overview

Globally, various issues / conflicts on International transactions have arisen to the Heads of Global Tax concerns, and to the Revenue Authorities, as worldwide trade has extended rapidly growing in the past, among all the countries in the world. India is non-member country in the OECD (Organization for Economic Cooperation and Development). Revenue Authorities internationally have been following OECD’s principles/regulations as a main primary rule of law as well as laws of transfer pricing laid down in their own country, requiring multinational companies (MNCs) to document inter-company transactions and fulfill their pricing as within the arm’s length standard.

Our company is like a big Umbrella and under that Umbrella, there are qualified and well experienced Indian Chartered Accountants/ Tax Consultants / Legal professionals on behalf of our Turbo TaxGuru’s transfer pricing services, assisting our clients while following the guiding techniques of the global regulations (OECD’s) as well as specific regulations as per Indian Income-tax law, by providing customized-corporate-wise support and valid economic analysis to evaluate inter-company transfer pricing policies and to maintain the pricing as within the Arm’s Length Price.

We advise our clients in such a way by predicting the unpredictable tax risk and to reduce the tax burden from transfer prices by avoiding legally and thereby, enhancing their global resources and profit margins. Turbo TaxGuru’s transfer pricing experts exploit market-based transfer pricing techniques (market risk, business risk, functional analysis, Assets Analysis, value-chain, supply chain management and business structure analysis, industry analysis, analysis on data bases etc.), benchmarking study, and exact assessment methodologies to design inter-company transfer pricing policies adopted in sound business approach and well-established similar industry’s principles.

What we can do in claiming your transfer pricing benefits:

  • Contact us to prepare a transfer pricing study
  • Contact us to provide analysis on comparables
  • Contact us to provide a protest to the TP-audit
  • Contact us to handle matters in appellate stages
  • Contact us to provide legal briefs / advises on tax avoidance while entering international transactions
  • Contact us to find a way out of the legal morass
  • Contact us to provide in-house training, drafting agreements, and billing methodologies.

Our Service Capabilities

TaxGuru’s TP Practice has wide verification of company’s business activity on facts of each case and based on analysis and OECD’ principles, which are successfully met by us with timely thoughts spontaneously, by our experienced experts in Transfer Pricing, globally to meet the composite tp needs and challenges of global multi-national companies (MNCs). Our expert advise can guide the associated enterprises on transfer pricing policies and measures more absolute and justifiable.

Transfer Pricing Issues / concepts:

Strategy :

Turbo TaxGuru's transfer pricing Chartered Accountants have large practice in this transfer pricing field and we have various Tax Consultants under the banner of our company in guiding the professional consulting on various transfer pricing issues and concepts. Our main strategy is studying the concerned industry, billing methodology, transactions, pricing and adoption of correct Transfer Pricing Method.

TTG (Turbo TaxGuru ) develops tough transfer pricing solutions and linked transaction structures that respond to Associated Enterprises’ objectives and national tax authority’s requirements through proper Tax planning in this area.

Compliance to Tax Authorities’ Rules and Requirements

TTG ( Turbo TaxGuru ) guide customers on Transfer Pricing Study and document their global companies’ businesses, inter-company dealings in agreement with the tax regulation authority in the related countries in which they are functioning. Turbo TaxGuru’s offers a more realistic and dependable solutions that help clients / companies to fulfill authoritarian requirements and to maintain with arm’s length standards.

Transfer Pricing Documentation

Turbo TaxGuru’s also offers clients / customers in providing online Transfer Pricing Documentation work, based on the inputs given by the clients. Further, suitable tax advise and consulting on fixation of Arm’s Length Price and adoption of most appropriate method will also be suggested. This documentation differs from industry to industry and company to company, but on the Transfer Pricing Laws and Concepts. We will provide similar functional comparables from various public data bases both locally and globally, after comparing the FAR Analysis (FAR : functional, Assets and Risk Analysis), along with economic and market situation.

Industry Analysis and Review

Analysis on various industries, their turnovers, their business activities, their profit margins, their trends, and reviews on the industrys’ progress quarterly, half-yearly, annually, have been analyzing by us, both statistically and theoretically predicting the correct picture and their risks in the various businesses at large.

Risk management :

Turbo TaxGuru’s provide practical and consistent solutions on various risk appraisal and tp strategy on different risks that guide clients to complete regulatory requirements and fulfill with arm’s length standards.

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