The BEPS recommendations on three tier TP documentation should be introduced with utmost care taking into account the additional burden that would be placed upon the taxpayers
The new companies law requires companies to formally meet the arm's length threshold while entering into related party transactions. MCA officials say the Income Tax Act definition of related party would apply to the Companies Act as well.
By: Rohan Phatarphekar, Head – Transfer Pricing, KPMG India, Global Transfer Pricing Services
With the Union Budget just a couple of hours away, expectations are running sky high from what finance minister P Chidambaram might announce to boost the sagging economy.
The much awaited Special Bench ruling on Transfer Pricing principles for marketing intangibles is here but with no clear winner! Payaswini Upadhyay gets into the details.