Critical Aspects for Transfer Pricing Compliances!

Episode Duration:
70 minutes

Episode Background:

Since 2001, when Sections 92A to 92F were inserted for the first time in the Income-tax Act, 1961 (the Act), the Transfer Pricing (TP) field has rapidly evolved in India. With TP audits nearing two decades, it is clear that timely compliances and proper documentation form a critical part of this legislation. The primary responsibility of ensuring compliance with the TP provisions is that of the taxpayer, and therefore, it is imperative that proper documentation is maintained which would pass the test during the audits.

Despite the long duration of compliance and audit experience, it has been observed that certain common issues keep surfacing regularly.

What shall the episode cover?

Against this backdrop, Taxsutra in association with Nexdigm (SKP), is delighted to present to you an episode on “Critical Aspects to be Considered During Transfer Pricing Compliances” [Tuesday, October 4 @ 4:30 PM]. The opening remarks & context setting for this session done by Mr. Maulik Doshi (Deputy Managing Director - Tax, Transfer Pricing and International Tax, Nexdigm) which followed by a detailed presentation by Mr. Abhay Saboo (Director - Transfer Pricing, Sudit K Parekh & Co. LLP). The speaker covered some of the issues by taking aid of key judicial precedents, which would guide taxpayers to maintain the documentation that tax authorities examine while conducting scrutiny, thereby reducing unwarranted litigation. This would also act as a guiding factor in the upcoming compliance season for FY 2021-22.