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Extend transfer pricing timelines due to Covid: Multinationals and their tax advisors tell government


Extend transfer pricing timelines due to Covid: Multinationals and their tax advisors tell government
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Synopsis
Some of the tax advisors have also reached out to the finance minister and the Central Board of Direct Taxes (CBDT) in this regard. Transfer pricing is a mechanism that determines the price an entity can charge from another group entity. Multinationals while providing or receiving services to group entities based outside India have to adhere to Indian transfer pricing regulations.
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There is now confusion on the due date of completing transfer pricing assessment as to whether it was this July end or next year, say tax experts. ....

Nirmala Sitharaman , Kunj Vaidya , Karnataka State Chartered Accountants Association , Price Waterhouse Co , Central Board , Direct Taxes , Price Waterhouse , State Chartered Accountants Association , Finance Minister Nirmala , Tax Consultants , குஞ்ச் வைத்யா , கர்நாடகா நிலை பட்டய கணக்காளர்கள் சங்கம் , ப்ரைஸ் வாட்டர்ஹவுஸ் இணை , மைய பலகை , நேரடி வரி , ப்ரைஸ் வாட்டர்ஹவுஸ் , நிதி அமைச்சர் நிர்மலா , வரி ஆலோசகர்கள் ,