India: Transfer pricing documentation for certain electric companies

India: Transfer pricing documentation

The Central Board of Direct Taxes released updated guidelines providing “simplified” transfer pricing documentation rules for domestic transactions of electric companies owned by the government.

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The recent guidelines (contained in a notification dated 4 February 2015) apply for certain specified domestic transactions of electric companies owned by the government. According, government-owned electric companies must follow these new rules—and not the otherwise mandatory documentation requirements under Rule 10D(1) of the Income-tax Rules, 1962—if engaged in the generation, transmission or distribution of electricity.


Read a February 2015 report [PDF 436 KB] prepared by the KPMG member firm in India: Safe harbour rules for transfer pricing documentation: Notified for specified domestic transactions of electricity companies run by the government

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