Best Lawyers for Transfer Pricing Matters
There are many transactions taking place between the same group of companies and the transfer price between them started playing a major role in impacting the profits and losses of companies and also the tax structure of the company. One needs an expert lawyer on the matters of transfer pricing to smartly prepare the revenue documents to meet legal guidelines.
What is understood by Transfer Pricing?
Transactions taking place between the same group of companies and the transfer price between them started playing a major role in impacting the profits and losses of Indian companies.
What are the concerning laws?
Amendment in taxation laws for such transactions then became the need of the hour so that tax planning could be kept under check and protect against tax evasion.
With these concerns in mind, the Indian Tax Authorities first introduced the Transfer Pricing Regulations (TPR) through the Finance Act, 2001, and made it effective from the financial year ending March 2002. These provisions were set to be governed by the Income Tax Act, 1961, and were based on the Transfer Pricing guidelines of the Organization for Economic Co-Operation and Development.
The Transfer Pricing Laws have been enumerated under Sections 92 to 92F of the Indian Income Tax Act and cover intra-group cross-border transactions.
Why reach Lexcarts?
We filter your search and help you hire the best lawyers online in India for transfer pricing matters. Lexcarts provide you detailed profile of best and experienced lawyers from across the states in India. We as a team strive to help you find the best lawyers online suitable for your transfer pricing case with easy search at one platform.