Transfer Pricing
The enactment of detailed Transfer Pricing Laws in India in 2001 brought the issue
of Transfer Pricing to the forefront amongst the various multinational corporations
operating in India as well as Indian companies. Transfer Pricing is one of the critical
tax issues for growth oriented businesses having international operations wherein
substantial senior management’s time and attention is necessary. Irrespective of
their size, organizations need an effective and dependable Transfer Pricing policy,
which takes into consideration the organization’s overall business strategy and
operating structure.
RSM Astute’s Transfer Pricing team with its rich experience and demonstrated capabilities
offers comprehensive solutions in areas such as Transfer Pricing Documentation,
Transfer Pricing assessments and other value added services such as Benchmarking
services, Drafting of Inter-company agreements etc.
What We Do
- Creating Transfer Pricing Documentation – The Transfer Pricing legislation requires
that income from International Transactions between Associated Enterprises is computed
after considering the arm’s length price. The term “Arm’s-length Price” refers to
the price that would be charged for a similar International Transaction between
unrelated third parties. The Transfer Pricing Documentation created by RSM Astute
covers the various mandatory requirements under the law and includes:
- Background of the Company and its Associated Enterprises
- Functional Analysis to document the Functions, Risks and Assets
deployed
- Industry Overview
- Comparability/Benchmarking analysis to prove the Arm’s Length nature
of International Transactions entered into between Associated Enterprises
- Representing before Transfer Pricing Authorities – These services include representation
before the designated Transfer Pricing Officers/Assessing Officers for Transfer
Pricing related matters. The scope of services provided also covers representation
before higher authorities like Commissioner of Income Tax etc.
- Other Value Added Services relating to:
- Planning Opportunities to achieve lower taxation for the group
- Assisting clients in Benchmarking vis a vis other players in the
same industry
- Drafting of Inter-Company agreements, review of documentation etc
Advantage RSM Astute
- Actively servicing a large number of Indian and multinational companies in matters
of corporate advisory, taxation and accounting issues across various industries
and service verticals.
- Dedicated team of personnel having expertise in the field of direct taxation, indirect
taxation, transfer pricing, foreign exchange regulations, corporate and other commercial
regulations.
- Access to global methodologies, subject expertise and best practices of RSM International.
- Access to latest and comprehensive Indian and International industry databases
- RSM Astute Consulting Group (along with its affiliates) together has been ranked
as the 5th largest accounting and consulting group in India (International Accounting
Bulletin - September 2010).
- Extensive experience in advisory, taxation and accounting matters across various
industries and service verticals.
- Multi-disciplinary team of professionals comprising of Chartered Accountants, MBAs,
Engineers, Company Secretaries, CISA / DISA, Cost Accountants and Law graduates.
- Indian personnel strength of over 800 people having expertise in diverse fields
and Nation wide presence.