Globalization is not new, but the pace of integration of national economies and markets has increased substantially in recent years. It has a significant impact on a country’s corporate income tax regimes. The increasing participation of multinational groups in economic activities in India has given rise to new and complex issues arising from transactions entered into between two or more enterprises belonging to the same multinational group. Transfer Pricing provisions thus have an important role to play.
In order to facilitate our members in effective discharge of their responsibilities towards the reporting requirements of section 92E, the Committee on International Taxation has revised its publication “Guidance Note on Report under section 92E of the Income tax Act, 1961”.
The said revised 2019 edition of the the publication can be downloaded from the link https://resource.cdn.icai.org/57510citax46618.pdf