Transfer pricing is the guideline and technique for pricing transactions within and between endeavors under common possession or control. In view of the potential for cross-border controlled transactions to misshape taxable income, tax authorities in numerous nations can change intragroup transfer costs that contrast from what might have been charged by unrelated enterprises dealing at arm’s length. The tax rules identified with transfer pricing are complex and governments are progressively proactive in investigating transfer pricing arrangements and practices. Government reviews of transfer pricing activities can be tedious and upsetting, and the punishments for crossing paths with move valuing rules can be huge. Expanded number of intercompany exchanges has made transfer pricing a leading risk management issue for worldwide organizations. Huge expansion in transfer pricing debates and a worldwide spotlight on base disintegration and profit shifting has guaranteed transfer pricing is a center region for all stakeholders.
Assistance in TP review support administrations and in planning and instructions for procedures before the Commissioner of Income Tax (Appeal) [CIT(A)], Dispute Resolution Panel (DRP) and the Income Tax Appellate Tribunal (ITAT) corresponding to TP matters