| In a decade long existence of Transfer Pricing Regulations, Indian Tax Authorities have created history for implementing the maximum number of Transfer Pricing Adjustments, resulting in Tax demand exceeding billions of Indian rupees.
Multinationals today are operating in an environment of great complexity. With significant increase in cross-border activity, transfer pricing has now assumed even greater importance in India. Therefore, the landscape of Transfer Pricing Regulations requires careful planning and implementation of policies which need to align with global practices of multinationals conducting business in India and Indian multinationals operating outside India.
The requirements of a successful Transfer Pricing Strategy for Indian operations also demand strong understanding of cross border Regulations. Moreover, such strategies must predominantly cater to the needs of businesses and therefore must transcend boundaries of regulations to support the long term vision of the enterprise. |