Indian transfer pricing regulations are unique in the sense they require the computation of a single arm’s-length price, through the mean of comparables, instead of a range. Tax practitioners are not interested in being unique though.
Sophie Ashley finds out why.
Though the government has extended the return-filing date for the submission of the 3CEB form, documenting international transactions, transfer pricing officers (TPOs) still have the upper-hand over taxpayers when it comes to an assessment.