Transfer Pricing Compliance Chart for Financial Year 2019-20 which includes Transfer Pricing Audit, Transfer Pricing Study- Documentation, Return of Income (Having applicability of Transfer Pricing Provisions), Master File, Intimation by a designated Constituent Entity, Intimation by Designated Constituent Entity and CbCR.
|Activity||Section / Rule||Form No.||Old Deadline||New Deadline||Remarks|
|Transfer Pricing Audit
|Section 92E (Rule 10E)||Form 3CEB||30-Nov-2020||31-Oct-2020||Amended by Finance Bill, 2020|
|Transfer Pricing Study- Documentation
|Return of Income (Having applicability of Transfer Pricing Provisions)||Section 139||(ITR-1)– For Resident Individual income having less than 50 Lakh and Agriculture Income upto 5000.
(ITR-2)-For Individual & HUF whose income more than 50 Lakh.
(ITR-3)-For Individual & HUF carry Profession Business.
(ITR-4)-For Individual, HUF & partnership Firm (Other than LLP) having income from business& profession.
(ITR-5)-For Firms, LLP, AOP, BOP, AJP, Business trust and Investment Fund.
(ITR-6)-For Companies having income from charitable or religious purpose (Filed Electronically Only).
(ITR-7)-For person & company required to furnish u/s 139 (4A), 139 (4B), 139 (4C), 139 (4D), 139 (4E) & 139 (4F).
|Master File||Section 92D (4)
|Form 3CEAA||30-Nov-2020||30-Nov-2020||No Change|
|Intimation by a designated Constituent Entity
|Section 92D (4)
|Form 3CEAB||31-Oct-2020||31-Oct-2020||No Change|
|Intimation by Designated Constituent Entity||Section 286 (1)
|Form 3CEAC||Two months prior to the due date for furnishing of CBCR-Form 3CEAD||Two months prior to the due date for furnishing of CBCR-Form 3CEAD||No Change|
|CbCR||Section 286 (2) & (4)
|Form 3CEAD||12 months from the end of reporting Accounting Year||12 months from the end of reporting Accounting Year||No Change|
Note 1: Accounting Year means
i. a previous year, in a case where the parent entity is resident in India; or
ii. an annual accounting period, with respect to which the parent entity of the international group prepares its financial statements under any law for the time being in force or the applicable accounting standards of the country or territory of which such entity is resident, in any other case;
Note 2: Reporting Accounting Year means the accounting year in respect of which the financial and operational results are required to be reflected in the report referred to in sub-sections (2) and (4).