Recent Transfer Pricing Updates Impacting Private Equity Sector

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Audio Webcast | Duration: 60 minutes
13 September 2013 at 10.00am - 11:00am (IST)


The transfer pricing margins being charged by the Indian investment advisory arm's of PE / VC firms has been a matter of tax litigation in India, with the Revenue Authorities seeking in instances to charge mark-ups upwards of 50%-60% over operating costs in the course of transfer pricing assessments.

In this context, the recent ruling of the Mumbai Tribunal in the case of Temasek Holdings Advisors (I) Pvt Ltd, has provided relief and has once again brought to the fore, the continuing debate with the Revenue Authorities on this front. Further, recent amendments in the transfer pricing reporting requirements and the Companies Act 2013 have also added a new dimension to the compliances that may be required by both the investee companies as well as the off-shore PE / VC funds.

Join us for a 60 minutes webcast session where our presenters will discuss the recent judicial ruling and our most recent experiences with the tax authorities on issues impacting the PE / VC players with a presence in India, as well as our thoughts on how to mitigate the level of uncertainty surrounding Indian transfer pricing issues.


EY - Keyur Shah

Keyur Shah

Partner and Tax Leader - Private Equity

Keyur Shah is a Partner with Ernst & Young's Financial Services - Tax and Regulatory Services practice and leads Private Equity Tax practice. Keyur has over 16 years of experience in advising and assisting international financial services companies including private equity clients, banks, capital markets and asset management establishing an Indian investment / operational presence.

Avan Badshaw

Partner - Financial Services, Transfer Pricing

Avan is a Partner with Ernst & Young's Tax practice focusing on the Financial Services sector in India. She is also in charge of the transfer pricing practice within the Financial Services group. Avan has over 13 years of experience in inter-alia advising private equity funds and large international financial institutions, including banking companies, brokerage houses, investment banks, asset management companies etc.