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Income Tax - Highlights / Catch Notes

Home Highlights October 2023 Year 2023 This

TP Adjustment - payment of technical knowhow fees - benchmarking ...

Income Tax

October 19, 2023

TP Adjustment - payment of technical knowhow fees - benchmarking of the transaction - Intragroup services or for that matter any international transaction is required to be benchmarked each year based on the facts and circumstances prevailing in that year considering the economic conditions. Therefore, the findings of the previous year will have only persuasive value, if any, while deciding the transfer pricing adjustment for any year. - AT

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