Transfer Pricing

Experts say advance pricing agreements will continue to be preferred by large firms for flexibility, certainty, and cross-border alignment despite simplified safe harbour rules

"It would have been worthwhile if the said range could have been revisited and reviewed," Amit Maheshwari, tax partner at AKM said

Previous approaches fall short amid Covid-19 volatility in numbers

The revenue department had earlier taken a position that unless a tax treaty contained a provision of corresponding adjustment in TP matters

The provision will apply to primary adjustments exceeding Rs 1 crore