InCorp Advisory

Company Registration In India

Business Enquiry: +91 7738066622
Career Enquiry: +91 8655857164
  • Home
  • Services
    • Corporate Secretarial
      • Entity Incorporation
    • Advisory And Assurance
      • Risk Advisory
      • Transaction Advisory
        • Due Diligence
        • Valuations
        • Corporate Restructuring
      • Accounting Advisory
    • International Presence
      • Australia
        • Company Incorporation
        • Corporate Secretarial
        • Tax & Advisory
        • Finance Function
        • Government Incentives
        • Corporate Governance
      • Indonesia
        • Company Incorporation
        • Outsourcing
        • Taxation
        • Visa Options
      • Philippines
        • Company Incorporation
        • Tax Incentives
        • Visa Options
      • Singapore
        • Company Incorporation
        • Immigration
      • Hong Kong
      • Vietnam
        • Company Incorporation
        • Taxation & Accounting
      • Malaysia
        • Company Incorporation
        • Accounting & Bookkeeping
        • Corporate Secretarial
        • Tax Advisory & Compliance
        • Immigration
    • Taxation
      • Direct Tax Services
      • Indirect Tax Services
      • Transfer Pricing
      • International Tax
      • M&A Tax
      • Tax Controversy & Dispute Resolution
    • FEMA
    • Investment Banking
      • Private Equity Syndication
      • Debt Syndication
      • M&A Advisory
    • Corporate Recovery
    • Trademark Registration
    • Family Office Management
    • Business Legal Compliance
    • Operational Support
      • Finance (CFO Services)
      • Accounting Services
      • Payroll Management
  • About Us
    • Our Team
    • Client Stories
    • Press Release
  • Learn
    • Tools
      • Company Name Search
      • Income Tax Calculator
      • HSN SAC Code Search
      • IFSC Code Search
      • GST Calculator
      • Loan Restructuring Tool
      • Residential Status Calculator
      • What My Family Should Know?
      • Trademark Search
    • Blogs
    • Guides
    • Infographics
    • Events
    • Insights
  • ESG Advisory
  • Virtual Office for GST
  • Careers
  • Contact Us

Transfer Pricing

Home » Services » Taxation » Transfer Pricing

Other Services

Direct Tax Services
Indirect Tax Services
Transfer Pricing
International Tax
M&A Tax
Tax Controversy & Dispute Resolution

Overview


Transfer Pricing is one of the critical tax issues for growth-oriented businesses having international operations wherein substantial senior management’s time and attention is necessary. Irrespective of their size, organizations need an effective and dependable Transfer Pricing policy, which takes into consideration the organization’s overall business strategy and operating structure.

dict

InCorp’s Transfer Pricing team with its rich experience and demonstrated capabilities offers comprehensive solutions in areas such as Transfer Pricing Documentation, Transfer Pricing assessments, and other value-added services such as Benchmarking services, Drafting of Inter-company agreements, etc.

Service Areas Within Transfer Pricing Services


Creating Transfer Pricing Documentation

The Transfer Pricing legislation requires that income from International Transactions between Associated Enterprises is computed after considering the arm’s length price. The term “Arm’s-length Price” refers to the price that would be charged for a similar International Transaction between unrelated third parties. The Transfer Pricing Documentation created by RSM Astute covers the various mandatory requirements under the law and includes:

  • Background of the Company and its Associated Enterprises
  • Functional Analysis to document the Functions, Risks and Assets deployed
  • Industry Overview
  • Comparability/Benchmarking analysis to prove the Arm’s Length nature of International Transactions entered into between Associated Enterprises
Representing Before Transfer Pricing Authorities

These services include representation before the designated Transfer Pricing Officers/Assessing Officers for Transfer Pricing related matters. The scope of services provided also covers representation before higher authorities like Commissioner of Income Tax etc.

Other Value Added Services Relating To
  • Planning Opportunities to achieve lower taxation for the group
  • Assisting clients in Benchmarking vis a vis other players in the same industry
  • Drafting of Inter-Company agreements, review of documentation etc

Frequently Asked Questions


What is Transfer Price?
Transfer Price is the price which is charged between two or more entities of a Multinational Group (known as Associated Enterprises) operating in different countries for common business transactions which are in the nature of sale of goods, assets, provision of services etc.
What are Transfer Pricing regulations in India?
The Indian Income Tax Act contains specific set of provisions relating to Transfer Pricing which were introduced in 2001. These provisions mainly deal with identification of associate enterprises (international and domestic), applicability of the provisions to specified set of transactions and the principles for computation of arm’s length price for such transactions. Associated Enterprises are identified under different scenarios mainly on the basis of equity participation, management, control, debt, use of intangibles, supply of raw materials etc. Arms Length price is determined on the basis of methods prescribed in the rules.
What are the statutory compliances prescribed under Transfer Pricing regulations?
  • » Obtaining and furnishing of Accountant’s Report (Form No. 3CEB) on or before 31st October 2020 (for FY 2019-20 and onwards).
  • » Maintain contemporaneous documentation in respect of transactions entered into with associated enterprises (if the aggregate transaction value exceeds INR 10 Million) giving specific details as per the prescribed rules.
  • » Supplementary filings in the nature of Country-by-Country Report and Master File if the prescribed conditions are satisfied.
What is the penalty for non-compliance?
Non-compliance with the prescribed provisions could attract penal provisions for eg. Non-filing of accountants report, non-maintenance of documentation, under-reporting / misreporting of income etc. The penalty could be levied either on a per-day basis or a fixed amount or even on the basis of transaction value; depending upon the default.

Contact Our Expert Team


Kartik Shah

Kartik Shah

Head

Foreign Exchange Management Act (FEMA) and International Tax

 
Read More

Related Blogs


1. Everything You Need To Know About Transfer Pricing

Transfer pricing made easier. Get in touch with us today!
Share this postFacebooktwitterpinterestlinkedinmail
Phone

For Business Enquiry

+91 7738066622

For Career Enquiry

+91 8655857164

Envelope

Contact Us

info@incorpadvisory.in

Location

Visit us

2nd floor, Gita Building,
Sion Circle, Sion (East),
Mumbai - 400022

Copyright © 2023 · INCORP ADVISORY · All Rights Reserved
Sitemap | Privacy Policy

InstagramFacebookLinkedinTwitterYoutubeWhatsapp
WhatsApp

We use cookies to improve and customize your browsing experience. You are deemed to have consented to our cookie policy as you continue browsing our site.

×

We use cookies to improve and customize your browsing experience. You are deemed to have consented to our cookie policy as you continue browsing our site.

×