copy and paste this google map to your website or blog!
Press copy button and paste into your blog or website.
(Please switch to 'HTML' mode when posting into your blog. Examples: WordPress Example, Blogger Example)
Input Form:Deal with this potential dealer,buyer,seller,supplier,manufacturer,exporter,importer
(Any information to deal,buy, sell, quote for products or service)
Transfer Pricing Documentation and its Importance in Practice Being one of the active members of the Base Erosion and Profit Shifting (“BEPS”) initiative by OECD, in 2016, India adopted the three-tier transfer pricing documentation structure as prescribed by the OECD under BEPS Action 13
India - Grant Thornton Bharat Indian TPRs prescribes onerous penal consequences in the event of non-compliance with documentation and other obligations set out there under The penal provisions are summarised below
TRANSFER PRICING (TP) - MAINTENANCE OF DOCUMENTATION AND RULES RELATING . . . Upon meeting the above thresholds, each taxpayer, being a constituent entity of an international group resident in India, would be required to maintain the prescribed information and documents as part of the master file for annual compliance purposes
Indian Transfer Pricing - Documentation Requirement In this article, we look mainly at the documentation that is required to be maintained by entities entering into international transactions with related parties (Read about Transfer Pricing)
Transfer Pricing Regulations in India | TP Global In India, if a taxpayer has international or specified domestic transactions exceeding 200 million in a financial year, they must maintain transfer pricing documentation to prove that the transactions were at arm’s length
Transfer Pricing Documentation Requirements in India Three-tier transfer pricing documentation structure: 1 Local File- This needs to be documented with the Company itself 2 Master File- Needs to be filed with IT Department 3 Country by Country Report – Needs to be filed with IT Department
India: FAQ – Transfer Pricing regulations in India - Roedl What type of documentation requirements has been prescribed under Indian TP Regulations? Is there any penalty prescribed for failure to comply with Indian TP Regulations? Is there any mandatory TP audit required on the part of the taxpayer? What is the penalty for not furnishing a report from an accountant under section 92E?
TP planning, documentation and assistance with compliance - KPMG India’s TP regulations prescribe rigorous mandatory documentation requirements and impose steep penalties in case of non-compliance Thus, multinationals need to ensure they comply with documentation and compliance requirements and also ensure that a system is in place for future compliances