TaxTonic #32: The Transfer Pricing Hexagon!
- Year of Publication: 2023
- ISBN: 0
Episode Duration:
100 Minutes
Episode Background:
'TaxTonic', a 'subscriber only' thought leadership series, is Taxsutra's endeavour to consistently deliver top notch technical content to it's readers. The labyrinth of tax rulings on convoluted transactions keeps the world of taxation unpredictable and ever-evolving. This series will feature engrossing presentations, incisive analyses and a deep-dive by the tax experts on burning issues & controversies. So, gear up for a 'tonic' to chisel your tax mind and challenge your wit.
Speaker:
- Mr. Akshay Kenkre (TransPrice Tax)
Moderator:
Mr. Sachin Sastakar (Chartered Accountant)
What shall the episode cover?
The globalisation of the Indian economy triggered a free flow of cross border investments and transactions. Contemporaneously, the Transfer Pricing (TP) regulations were introduced that proved to be very crucial and only got complex with the passage of time. Chapter X of the Income-tax Act read with the TP Rules and OECD's and UN's TP Guidelines have ample ammunition for the taxpayers to justify the price of their transaction and for the Revenue to dislodge it. Availability of Advance Pricing Agreements and Safe Harbour Rules adds certainty to the TP regime. Despite a mammoth framework, there remains a significant uncertainty in benchmarking of the transactions between related parties.
In the next episode of TaxTonic, Taxsutra presents a discussion on TP complexities. The discussion primarily covers:
1. Intra Group Charges and Management Fees
2. Selection of Tested Party
3. Selection of Foreign Comparables
4. Intellectual Property Transactions
5. Role of TP in M&A
6. Automation in TP
Taxsutra is considered the most credible source of tax news in the tax fraternity. What started as a fledgling start-up has now become a leading brand in the tax world not only in India, but across the globe. Taxsutra's diverse customer set includes Fortune 500 Companies, large Indian Business Groups, Global Conglomerates, Tax Judges, IRS Officers, CBDT, Tax Lawyers & thousands of tax practitioners.
Taxsutra suite of portals :
1. Real time tax news & analysis for Corporate Tax (www.taxsutra.com/dt)
2. Transfer Pricing Portal (www.taxsutra.com/tp)
3. GST and Central Indirect Taxes Portals (www.taxsutra.com/gst - www.idt.taxsutra.com)
4. "Taxsutra Database" - Powerful Online Direct Tax Reference and Search Tool (www.database.taxsutra.com)
5. LawStreetIndia (LSI) (www.lawstreetindia.com) contains sub-modules on Company law, Securities law (SEBI/SAT), FEMA, IP laws & Competition Law
6. Taxsutra Accounting Standards portal (Ind-AS) (www.greentick.taxsutra.com)
Similar Books
Ratings and Reviews
Overall Rating
- Year of Publication: 2023
- ISBN: 0
Episode Duration:
100 Minutes
Episode Background:
'TaxTonic', a 'subscriber only' thought leadership series, is Taxsutra's endeavour to consistently deliver top notch technical content to it's readers. The labyrinth of tax rulings on convoluted transactions keeps the world of taxation unpredictable and ever-evolving. This series will feature engrossing presentations, incisive analyses and a deep-dive by the tax experts on burning issues & controversies. So, gear up for a 'tonic' to chisel your tax mind and challenge your wit.
Speaker:
- Mr. Akshay Kenkre (TransPrice Tax)
Moderator:
Mr. Sachin Sastakar (Chartered Accountant)
What shall the episode cover?
The globalisation of the Indian economy triggered a free flow of cross border investments and transactions. Contemporaneously, the Transfer Pricing (TP) regulations were introduced that proved to be very crucial and only got complex with the passage of time. Chapter X of the Income-tax Act read with the TP Rules and OECD's and UN's TP Guidelines have ample ammunition for the taxpayers to justify the price of their transaction and for the Revenue to dislodge it. Availability of Advance Pricing Agreements and Safe Harbour Rules adds certainty to the TP regime. Despite a mammoth framework, there remains a significant uncertainty in benchmarking of the transactions between related parties.
In the next episode of TaxTonic, Taxsutra presents a discussion on TP complexities. The discussion primarily covers:
1. Intra Group Charges and Management Fees
2. Selection of Tested Party
3. Selection of Foreign Comparables
4. Intellectual Property Transactions
5. Role of TP in M&A
6. Automation in TP
Taxsutra is considered the most credible source of tax news in the tax fraternity. What started as a fledgling start-up has now become a leading brand in the tax world not only in India, but across the globe. Taxsutra's diverse customer set includes Fortune 500 Companies, large Indian Business Groups, Global Conglomerates, Tax Judges, IRS Officers, CBDT, Tax Lawyers & thousands of tax practitioners.
Taxsutra suite of portals :
1. Real time tax news & analysis for Corporate Tax (www.taxsutra.com/dt)
2. Transfer Pricing Portal (www.taxsutra.com/tp)
3. GST and Central Indirect Taxes Portals (www.taxsutra.com/gst - www.idt.taxsutra.com)
4. "Taxsutra Database" - Powerful Online Direct Tax Reference and Search Tool (www.database.taxsutra.com)
5. LawStreetIndia (LSI) (www.lawstreetindia.com) contains sub-modules on Company law, Securities law (SEBI/SAT), FEMA, IP laws & Competition Law
6. Taxsutra Accounting Standards portal (Ind-AS) (www.greentick.taxsutra.com)
