Back to Home
  • Home
  • International Taxation

Transfer Pricing

We, at H.K Joon & Co., are proud to offer credible Transfer Pricing Services, which offer effective solutions to companies that undertake international transactions or specified domestic transactions with its associated enterprise(s) / group companies. We also provide credible consultancy, documentation, compliances, and allied Transfer Pricing Services.

What is Transfer Pricing ?

Transfer pricing refers to the setting of the price for goods & services that are sold within an enterprise that too between controlled legal entities. For instance, if the goods are sold to a parent company by a subsidiary company, the cost of that the parent company pays to the subsidiary is termed as the ‘transfer price’

The Transfer Pricing law was initiated in India in the year 2001. It includes dealing with curbing tax avoidance by laying down regulations for computation of income accumulating from international transactions or specified domestic transactions (“SDTs”) having regard to the term “arm’s length price”.

In India, the ongoing enforcement of TP regulations and adjustments have been chosen in a way that new and more complicated issues have brought to the fore the reality that TP controversies are expensive as well as time-consuming to deal with, it can also result in double taxation of income leading to considerable uncertainty.

We at H.K. Joon and Co. have a dedicated team of experienced TP professionals, including accountants, tax practitioners, specialists, and financial analysts, who can offer essential local knowledge within a global framework. Our understanding of tax and economics helps us deliver and implement TP services that are customized for our client’s requirements, and compliant with the regulations.

At H.K Joon & Co., our Transfer Pricing services offer legitimate solutions to enterprises that undertake either international transactions or specified domestic transactions with its associated company or group of companies. The following mentioned are a few of our offerings:

  • Transferring pricing analysis
  • Selection of the best available method
  • Benchmarking analysis
  • Issuance of the transfer pricing certificate
  • Representing the transfer pricing cases before legitimate authorities

The company needs to submit Form 3CEB, which is duly audited by a Chartered Accountant within the prescribed time limit, by the end of the fiscal year.

The time limit for furnishing Form No. 3CEB- On or before November 30th of the relevant AY.

Double Taxation Avoidance Advisory

The Double Tax Avoidance Agreements (DTAA) can be explained as the bilateral agreements entered into between two countries, for reference, between India and another foreign country. We help our client facilitating in DTAA Advisory to avoid double taxation based on the nature of Income and expenditure, considering both the countries at the same time (i.e. Double taxation of same income) and withholding tax issues and other compliance as well.