*For international transactions exceeding INR 1 crore, detailed documentation explaining the transaction and price justification is required.

* Companies should review existing agreements with related parties and ensure that prices are consistent with “arm’s length” principles, reflecting the market value of similar transactions between unrelated parties.

Ensure compliance:

Effective transaction planning and structuring, coupled with determining arm’s-length pricing prior to agreements, is essential to strong corporate governance and tax compliance.

About TPverse

TPverse is a leading transfer pricing company. They offer a range of services to help you familiarize yourself with these regulations, including value chain analysis, consulting services, global and local compliance assistance, global and Indian benchmarking studies, assistance with amicable procedures, assistance with prior pricing agreements and dispute management.

Visit the TPVerse website at https://tpverse.in for more details about their services.

For assistance with transfer pricing in India or multiple countries, contact TPVerse at [email protected] or +91 72002 40550.

(DISCLAIMER: The above press release was provided by VMPL. ANI shall not be responsible for its contents in any way)

Disclaimer: No Business Standard journalists were involved in the creation of this content.