India: “Range concept,” multiple-year data | KPMG | BE

India: Draft rules on “range concept,” multiple-year data

India: “Range concept,” multiple-year data

India’s Central Board of Direct Taxes on 21 May 2015 issued a draft of proposed rules on implementing a “range concept” and multiple-year data for use in computing the arm’s length price of international transactions and of certain specified domestic transactions undertaken on or after 1 April 2014.

1000

Related content

Comments and suggestions from stakeholders and the general public are due by 31 May 2015.

Since its introduction in 2001, the Indian transfer pricing regulations have been a significant area of focus for both the tax department and taxpayers alike. In particular, in computing the arm’s length price, there have been two areas of concern—the availability of a range as a standard deduction and the use of single-year versus multiple-year data.

 

Read a May 2015 report [PDF 355 KB] prepared by the KPMG member firm in India: CBDT rolls out draft scheme for range concept and multiple year data prescribed under TP regulations for public comments

Connect with us

 

Request for proposal

 

Submit