TP DOCUMENTATION

► Preparation of detailed transfer pricing documentation (local file) for all countries (Global Documentation) encopassing:-

• • Understand the related party transactions entered into by the Company with its related parties;
  • Analyse the industry in which the company operates;
  • Identify the functions performed, assets utilized, and risks assumed by the Parties to the transaction.
  • Evaluate the most appropriate transfer pricing method as prescribed under the applicable Transfer Pricing Regulations for those related party transactions
  • Undertake a detailed benchmarking analysis using public databases
  • Determine the appropriate arm’s length price for the transaction as per the applicable Transfer Pricing Regulations

► Issuance of Accountant’s report in Form 3CEB by a Chartered Accountant irrespective of any threshold

Per Section 92E of the Indian Income Tax Act, every enterprise having international transactions with its Associated Enterprise(s) (‘AEs’) is required to obtain an Accountant’s Report in the prescribed format within the due date prescribed. Our support in this regard would entail:-

• • Examining the international transactions and related accounts and records of the Company in respect of AEs, and report whether in our opinion, proper information and documents as prescribed by Rule 10D of the Income-tax Rules, 1962 (‘Rules’) have been maintained by the Company;
  • Examine and report whether in our opinion the particulars required to be furnished under Section 92E read with the annexure to Form No. 3CEB of the Rules are true and correct.