Applicability and impact of Domestic Transfer Pricing provisions

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Audio Webcast | Duration: 90 minutes
23 September 2013 at 4.00pm - 5:30pm (IST)

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The Finance Act 2012 has extended the scope of transfer pricing (TP) provisions to cover specified domestic transactions (SDT). The provisions apply from the financial year 2012–13 onwards. By extending TP provisions to SDT, pricing of these transactions will need to be determined with regard to arm's length principles using methods prescribed under Indian TP regulations.

Since the introduction of TP provisions in India in 2001, the provisions have only applied to international transactions. Extension of these provisions to SDT will require enterprises to evaluate their transactions and/or business structures to assess the impact on their existing intra-group pricing policies and practices, evaluate the implications and determine approaches to managing risk and ensuring compliance.

Join us for a 90 mins. webcast, where the presenters will discuss on - Applicability, Direct v indirect ownership, Capital expenditure, Payment to directors, Cost allocations in Tax holiday undertakings, Compliance and assessments & Interplay with Companies Act, 2013


Presenters:

Rajendra Nayak

Partner, International Tax Services and Tax Knowledge & Solutions Group

Rajendra Nayak is a Partner with the Knowledge & Solutions Group. He is a Member of ICAI and holds a Masters degree in International Taxation from the Regent University School of Law, USA.

Rajen has been rated by Euromoney's International Tax Review Magazine among the 'Top Tax Dispute Resolution Lawyers and Advisors in India’ for the year 2012.

A noted international tax thought leader, Rajen has over 16 years of experience in tax consulting. He has considerable experience in advising companies on cross-border transactions, transfer pricing planning, documentation & controversy management and assisting companies in international tax planning. He has worked with a number of leading Indian and multi-national companies in the information technology and manufacturing sector.

Rajen is a regular speaker at conferences and has contributed several articles on international taxation. He is the co-author of the Indian chapter of IBFD’s book on Transfer Pricing Controversy and Dispute Resolution.

Vijay Iyer

Partner & National Leader - Transfer Pricing

Vijay Iyer is a tax partner and National Transfer Pricing leader for the International Tax Services practice in Northern India. Vijay has been rated as one of the World’s Leading Transfer Pricing Advisors for India by the Legal Media Group in their annual global guide as well as by International Tax Review. With an experience spanning to nearly two decades, Vijay has been advising clients on domestic and international tax matters.

Vijay is actively involved in Transfer Pricing Litigation, both as an arguing counsel and as an advisor assisting clients in devising their litigation strategy. He regularly appears before various appellate forums including ITAT matters. He has also been actively involved in drafting the Guidance Note on Transfer Pricing issued by the Institute of Chartered Accountants of India.