Transfer Pricing Rules In India
TRANSFER PRICING RULES IN INDIA
Some Problem Areas, Issues and Suggestions
R. Das,
PGPPM-2007, IIM Bangalore
Definitions and Background:
Transfer pricing was till recent years a subject of interest only for tax administrators and subject specialists. But recent economic developments in the world have ensured that a large spectrum of society businessmen, multinational employees, banks and so on have realised the importance of this subject in the era of globalisation and with it, the proliferation of multinational corporations over the globe. Today, as more than 60% of world trade takes place within multinational enterprises, the importance of transfer pricing increases with tax authorities warming up to the phenomenon and rapidly taking steps to place their national revenue interests on the table.
The term "transfer pricing" refers to the valuation of sales and other transactions, loans, investments etc which occur between different arms of the same......
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Approximate Word Count: 6935
Approximate Pages: 28 (250 words per double-spaced page)
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