Transfer Pricing

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  • Topic: Transfer pricing, Tax, Taxation
  • Pages : 66 (18498 words )
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  • Published : July 11, 2012
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2009

A REPORT ON TRANSFER PRICING – BENCHMARKING ANALYSIS

PricewaterhouseCoopers Pvt Ltd
By NAME Tax :- NEHA Services and RegulatoryAGARWAL (TRS)

ENROLLMENT NO :- 08BS0001891

Transfer Pricing

MOBILE NO

:- 9830117116

Neha Agarwal 08BS0001891 //2009

Transfer Pricing study

A REPORT ON TRANSFER PRICING – BENCHMARKING ANALYSIS

By

NAME: - NEHA AGARWAL ENROLLMENT NO:-08BS0001891 MOBILE NO:-+919830117116

A report submitted in partial fulfillment of the requirements of MBA Program

ICFAI Business School

2

Transfer Pricing study

Acknowledgments

I extend my sincere gratitude to Prof. Subir Sen, the SIP Co-ordinator of ICFAI Business School, Kolkata and my mentor, for giving me an opportunity to enrich my knowledge on Transfer Pricing by guiding me on the said project performed in PricewaterhouseCoopers (PwC). He not only guided me as my mentor but also encouraged me throughout my internship program. I would also like to thank Ms. Neha Agarwal (Assistant Manager) and my Company Guide, in PwC Kolkata, for sharing her precious time, knowledge and relevant information regarding Transfer Pricing. I would like to convey my deep regards to Mr. Rahul Krishna Mitra (Executive Director) PwC Kolkata, Mr. Prasun Kr. Maity (Manager), for providing me with the opportunity to do my internship in the organization. I also extend my sincere regards to Mr Amitava Sen, (Senior Manager) and my team members for guiding me throughout the internship program. My special thanks to Mr. Rahul Shah and Ms. Sumona Datta for patiently guiding, supporting and helping me in whatever way possible throughout my Internship.

ICFAI Business School

3

Transfer Pricing study

Table of Contents

I.ABSTRACT .................................................................................................................................... 5 II.TRANSFER PRICING.................................................................................................................... 7 INTRODUCTION....................................................................................................................... 7 OBJECTIVES............................................................................................................................. 9 III.ANALYSIS OF VARIOUS SECTIONS OF INCOME TAX ACT ................................................. 11 IV.ORGANISATION FOR ECONOMIC DEVELOPMENT .............................................................. 20 V.EVOLUTION OF TRANSFER PRICING GLOBALLY ................................................................ 22 VI.SUMMARY OF GLOBAL PRACTICE RELATING TO TRANSFER PRICING ........................... 25 VII.TRANSFER PRICING PROCESS .............................................................................................. 29 VIII.TRANSFER PRICING METHODS .......................................................................................... 30 COST PLUS METHOD............................................................................................................. 31 RESALE PRICE METHOD....................................................................................................... 33 COMPARABLE UNCONTROLLED PRICE METHOD ............................................................ 35 TRANSACTIONAL NET MARGIN METHOD ......................................................................... 37 PROFIT SPLIT METHOD ........................................................................................................ 38 IX.SELECTING THE MOST APPROPRIATE METHOD ................................................................. 42 X.FUNCTIONS, ASSETS AND RISK ANALYSIS .......................................................................... 44 XI.SECRET COMPARABLES ........................................................................................................ 47 XII.BENCHMARKING ANALYSIS...
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