Indian tax laws require an annual assessment of whether companies with overseas group entities meet the “arm’s length” requirement in their transactions (sales, purchases, services being provided, loans, management fee, royalty payments). Regulations require both a detailed (TP) study by the company and a TP audit report by an external auditor. Unicus provides assistance in following areas – 

Transfer pricing documentation

The transfer pricing department of Unicus carried out annual transfer pricing studies, estimating the potential mark-up on goods and/or services that an Indian company may receive/pay from/to its overseas group entities. High end softwares are used to study comparative companies and arrive at accurate arm’s length pricing in cross border transactions.

 

CBCR reporting and master file preparation

The reporting requirements under Form 3CEB as well as the master file prepartion under CBCR is another compliance carried out by Unicus team.

The focused work methodology ensures accurate and timely filing of the documents with income tax government.

Transfer pricing litigation support and representation

Unicus expert team liases with the tax department regarding assessments, scrutiny or appeals. The rigorous valuation methodologies used in benchmarking studies helps Unicus to resolve tax disputes. Unicus also helps clients in adopting ‘Advance Pricing’ mechanism where an upfront agreement is entered into with the tax administration to arrive at the transfer price.

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