Project Management in Connaught Place, Delhi

Our company has created a niche in the field of rendering Transfer Pricing Services. Our dexterous professionals, having expertise in this domain helping many businesses, to evaluate inter-company transfer pricing policies. We administer this service keeping in mind clients' specific demands. Our services are well known for their promptness and dependability. Moreover, clients can avail our services at very feasible prices.   Details : The Indian Union Budget for 2012-13 containing the tax proposals of the Government was presented by the Finance Minister to the Parliament on 16 March, 2012. The Finance Bill, 2012 (FB 2012) that was introduced as part of Budget Proposals includes a number of far reaching amendments to the transfer pricing (TP) provisions of the Indian Tax Law (ITL). FB 2012 proposes to introduce provisions to enable Advance Pricing Agreements (APAs). In addition, the ambit and scope of TP provisions would be widened under the proposals by expanding the definition of “international transaction” to cover business restructuring or reorganization between associated enterprises. A definition of the term “intangible property” is proposed to be introduced. The definition, in addition to covering generally accepted marketing and technology related intangible assets, also includes customer lists, customer relationships and trained and organized work force. The proposals would also extend the applicability of TP provisions to cover specified domestic transactions. FB 2012 also proposes amendments to provisions relating to computation of the arm’s length price (ALP), procedural and penalty provisions relating to TP. A number of the amendments are likely to apply with retrospective effect and could therefore have an impact for prior years as well. Taxpayers would need to assess the impact of the budget proposals on their past and future transactions.

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