Recently India’s Central Board of Direct Taxes issued guidance that expands the transfer pricing reporting requirements of certain international transactions and certain “specified domestic transactions.” To bring into line those reporting requirements with the definition of international transactions and to extend the transfer pricing provisions for certain specified domestic transactions, Notification No. 41/2013/F. No. 142/42/2012 (10 June 2013) revises the rules applicable to the Accountant’s Report in Form No. 3CEB.
In Form No. 3CEB, all international transactions and specified domestic transactions will have to be appropriately disclosed on or before the 30 November due date.
