Transfer pricing documentation by external bodies

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Finance Manager
26 Points Posted on 07 June 2018

Is it mandatory that an external body should prepare Transfer Pricing documentation required to be maintained by a company under section 10 D of Income Tax Rules 1962? 

How can we collect information to get an industry benchmarking rate. For example, audited financial statements of similar companies providing similar services.

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On 07 June 2018 at 23:09 Report
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CA - Tax Consultant
162 Points Posted on 03 July 2018
1. It is not mandatory for an external person to maintain TP documentation. A company can prepare its own documentation. However form 3ceb is to be filed only by an independent CA.

2. It depends on the method of benchmarking & the nature of transaction. could you be more specific? financials of a company can be downloaded from MCA website.
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On 03 July 2018 at 03:41

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