Bharat’s Transfer Pricing in India (Domestic & International) By Hari Om Jindal – 1st Edition 2021

Description

Part I

What is Transfer Pricing
Chapter 1        What is Transfer Pricing

Part II

Domestic TP — Specified Domestic Transactions (SDTs)
Chapter 2        Specified Domestic Transactions

Chapter 3        Excessive and Unreasonable Payments [Section 40A(2)]

Chapter 4        Transfer between Tax Exempt and Associated Concerns

Chapter 5        Estimation of Profits

Part III

Scope of Transfer Pricing
Chapter 6        There should be Transaction

Chapter 7        Transactions should be between Associated Enterprises

Chapter 8        One or More Enterprise should be Non-Resident

Chapter 9        The Transaction should have a Bearing on the Taxable Profits of the Relevant Year of Such Enterprise

Chapter 10      Scope of Transfer Pricing — Other Relevant Points

Part IV

Computational Provisions — Transfer Pricing Methods
Chapter 11      Comparable Uncontrolled Price Method

Chapter 12      Resale Price Method

Chapter 13      Cost Plus Method

Chapter 14      Transactional Net Margin Method — Basics

Chapter 15      Transactional Net Margin Method — Profit Level Indicator

Chapter 16      Profit Split Method

Chapter 17      Other Method

Chapter 18      Most Appropriate Method

Part V

Computational Provisions —
Comparability Analysis
Chapter 19      ALP and Other Principles for Benchmarking

Chapter 20      Tested Party

Chapter 21      Single or Multiple Transactions for Benchmarking

Chapter 22      Single or Multiple-Year Data for Comparison

Chapter 23      Business Model

Chapter 24      Functions Assets Risk Comparison

Chapter 25      Use of Quantitative and Qualitative Filters

Chapter 26      Comparability Adjustments

Chapter 27      Safe Harbour Rules

Chapter 28      Taxpayer and AE’s Income/Loss Adjustments

Part VI

Types of Transactions
Chapter 29      Types of Transactions

Chapter 30      Manufacturing Transactions

Chapter 31      Trading Transactions — Trader versus Distributor versus Commission Agent

Chapter 32      Financial Transactions

Chapter 33      Intra-Group Services

Chapter 34      Cost Sharing or Cost Contribution Agreements (CCA)

Chapter 35      Intangible Assets — Benchmarking should be based on DEMPE Functions

Chapter 36      Royalty — Payment for Use of Manufacturing or Marketing Intangibles

Chapter 37      AMP Expenses — Payment for Creation or Enhancement of Marketing Intangible

Chapter 38      Reimbursements

Chapter 39      Sale/Purchase of Business or Business Assets

Chapter 40      Business Restructuring

Part VII

Audit and Assessment
Chapter 41      Documentation Requirement

Chapter 42      Guide to Prepare TP Certificate (Form 3CEB)

Chapter 43      Guide to Prepare TP Study (Documentation u/s 10D)

Chapter 44      Burden of Proof

Chapter 45      Assessment by AO

Chapter 46      Revisionary Powers of CIT/PCIT

Chapter 47      Reference to TPO

Chapter 48      Dispute Resolution Panel

Chapter 49      Penalties and Prosecution

Part VIII

Dispute Resolution —
Avoiding and Resolving Mechanism
Chapter 50      TP Dispute Resolution Mechanism

Chapter 51      Advance Pricing Arrangement

Chapter 52      Safe Harbour — Sector-Specific Rules

Part IX

Appendices
Annexure 1     Statutory Provisions

I.      Income Tax Act, 1961 — Provisions relevant for Transfer Pricing
II.    Income Tax Rules, 1962 — Rules relevant for Transfer Pricing
III.   Forms relevant for TP Compliances
Annexure 2     Form 3CEB – Sample draft

Annexure 3     Guide to Prepare TP Study (Documentation u/s 10D)

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