With the economy being liberalised, and financial arrangements taking place between enterprises across borders, one of the important issues that is emerging is transfer pricing. There are certain compliances prescribed under the Income tax law regarding Arm’s Length Pricing (computation of a price which would have been charged, had these arrangements/transactions not being undertaken with an associated enterprise, thus affecting the business of the concerned enterprises). Consequently more and more assessees are now required to fulfill such compliances/computations as set out under the Income-tax Act. Given the fact that transfer pricing disputes, in India, are rising in an extraordinary manner, the Government of India, introduced Advance Pricing Agreements in 2012, under which tax payer and tax department can enter into a binding agreement to determine a transfer pricing methodology to be adopted for computation of arm’s length price of transactions undertaken over a specified period, thus trying to bring stability over the disputes emerging from transfer pricing. This book addresses the provisions and process laid down under the schema, key issues which are to be adhered to, and regimes followed in other parts of the world in respect of entering into Advance Pricing Agreement.

Key Features:-

  • Includes provisions as proposed by Finance (No.2) Act, 2014
  • A Global Insight to the APA framework
  • Relevance and its importance
  • Comparison with Safe Harbour Rules
  • Covering requirements laid down under Income Tax Rules.
  • An Insight to the APA regimes around the world.

More Details about Advance Pricing Agreement

General Information  
PublisherCCH India
Publish YearMay 2014