TMI BlogInformation and documents to be kept and maintained under section 92DX X X X Extracts X X X X X X X X Extracts X X X X ..... the enterprises comprised in the group with whom international transactions 3 [or specified domestic transactions, as the case may be] have been entered into by the assessee, and ownership linkages among them; ( c ) a broad description of the business of the assessee and the industry in which the assessee operates, and of the business of the associated enterprises with whom the assessee has transacted; ( d ) the nature and terms (including prices) of international transactions 4 [or specified domestic transactions] entered into with each associated enterprise, details of property transferred or services provided and the quantum and the value of each such transaction or class of such transaction; ( e ) a description of the fu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... how such method was applied in each case; ( j ) a record of the actual working carried out for determining the arms length price, including details of the comparable data and financial information used in applying the most appropriate method, and adjustments, if any, which were made to account for differences between 1 [the international transaction or the specified domestic transaction] and the comparable uncontrolled transactions, or between the enterprises entering into such transactions; ( k ) the assumptions, policies and price negotiations, if any, which have critically affected the determination of the arms length price; ( l ) details of the adjustments, if any, made to transfer prices to align them with arms length pri ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... h whom the assessee has transacted; (iii) the nature and terms (including prices) of specified domestic transactions entered into with each associated enterprise and the quantum and value of each such transaction or class of such transaction; (iv) a record of proceedings, if any, before the regulatory commission and orders of such commission relating to the specified domestic transaction; (v) a record of the actual working carried out for determining the transfer price of the specified domestic transaction; (vi) the assumptions, policies and price negotiations, if any, which have critically affected the determination of the transfer price; and (vii) any other information, data or document, including information or data relati ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y; ( b ) reports of market research studies carried out and technical publications brought out by institutions of national or international repute; ( c ) price publications including stock exchange and commodity market quotations; ( d ) published accounts and financial statements relating to the business affairs of the associated enterprises; ( e ) agreements and contracts entered into with associated enterprises or with unrelated enterprises in respect of transactions similar to the international transactions 10 [or the specified domestic transactions, as the case may be]; ( f ) letters and other correspondence documenting any terms negotiated between the assessee and the associated enterprise; ( g ) documents normally ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 1/2013 dated 10-06-2013 before it was read as an international transaction 3. Inserted vide Notification No. 41/2013 dated 10-06-2013 4. Inserted vide Notification No. 41/2013 dated 10-06-2013 5. Inserted vide Notification No. 41/2013 dated 10-06-2013 6. Inserted vide Notification No. 41/2013 dated 10-06-2013 7. Inserted vide Notification No. 41/2013 dated 10-06-2013 8. Substituted vide Notification No. 41/2013 dated 10-06-2013 , before it was read as, international transaction 9. Substituted vide Notification No. 41/2013 dated 10-06-2013 , before it was read as, Nothing contained in sub-rule (1) shall . 10. Inserted vide Notification No. 41/2013 dated 10-06-2013 11. Inserted vide Notification ..... X X X X Extracts X X X X X X X X Extracts X X X X
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