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  • Transfer Pricing

    It ensures that transactions between affiliated enterprises take place at the same cost as transactions between unrelated parties. Through transfer pricing rules, companies are able to maintain their business structure in a flexible manner.

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    Transfer Pricing

    The Transfer pricing Regulations (TPR) were introduced in India dive the Finance Act, 2001 by substitution of the existing 92 and introduction of new sections sections 92A to 92Fin the Income Tax Act (‘Act’) and relevant rules 10A to 10E in the Income Tax Rules, 1962. The regulations are applicable to relevant international transactions entered into from 1st April 2001.

    Before the introduction of the above detailed provisions, the concept of Transfer Pricing Laws India was applied under the Act in some specified circumstances and in a limited manner. Erstwhile s 92 provided that if the tax authorities believed that an international transaction with a non-resident resulted in less than ordinary profits for the resident owing to a “close connection” between the two they could re-compute the taxable income of the resident.