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Transfer Pricing service provider in India | ASC Group

We know transfer pricing was discussed in the last budget 2017 presented in February. Let’s take a look at the proposals to amend provisions of Transfer pricing service India. It was an initiated move as it unnecessarily offered compliance burden on taxpayers.<br>

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Transfer Pricing service provider in India | ASC Group

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  1. Transfer Pricing service provider in India | ASC Group What is Transfer Pricing ? A transfer price is like a price at which divisions of a company transact with each other. Transfer pricing is the setting of the price for goods and services which sold between controlled legal entities within an enterprise. It can be used as a profit allocation method. The transfer pricing documentation and certification conformity demand covering domestic expenditure (included u/s 40A (2) of the IT Act) is removed with effect from the current fiscal year (namely FY 2016-17). The Union Government of Finance Ministry in India made several proposals for amendments and changes to the transfer pricing policy in India.

  2. Transfer Pricing service provider in India | ASC Group Transfer Pricing service provider in India: We know transfer pricing was discussed in the last budget 2017 presented in February. Let’s take a look at the proposals to amend provisions of Transfer pricing service India. It was an initiated move as it unnecessarily offered compliance burden on taxpayers. Asc Group India provides fund transfer pricing system in India. It was established at 1995 in Delhi, India. It is work in India as well as Outside India. Alok Agrawal is Founder and CEO of this group, he is an eminent name in the Finance and Taxation Industry. Mr. Agarwal.

  3. Transfer Pricing service provider in India | ASC Group What is Transfer Pricing Regulations of India ? 1.The transfer pricing documentation and certification compliance requirement covering domestic expenditure (included u/s 40A (2) of the IT Act) is removed with effect from the current fiscal year (namely FY 2016-17) 2.The Government has correctly retained the compliance for TP documentation and certification at the time of computing profits that are linked to incentives or tax holiday scheme 3.The secondary adjustment provisions in the Transfer Pricing for the first time. 4.Now the time for completing assessments has been reduced from 21 months to 18 months with effect from AY 2018-19. 5.It is done in line with recommendations from the OECD’s base erosion and profit shifting (BEPS) project. 6.Penalty provisions have been revised in the case of furnishing incorrect information

  4. Transfer Pricing service provider in India | ASC Group For more detail information you can visit on our website: http://www.ascgroup.in/transfer-pricing.html

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