ICAI Issues Publication on Guidance Note on Report under Section 92E of Income Tax Act, 1961 (Transfer Pricing):

The Institute of Chartered Accountants of India (ICAI) has issued a publication on transfer pricing titled "Guidance Note on Report under Section 92E of the Income Tax Act, 1961".

According to the ICAI, this is the tenth edition of this publication. The publication has been released after a deep analysis, review and update over the period of nearly four years. This tenth edition of the publication includes relevant amendments, notifications, circulars, judicial pronouncements and other pertinent changes concerning reporting under Section 92E, as well as developments in the domain of transfer pricing. Also, the key developments in the domain during the intervening period are also taken into consideration.

The President of ICAI, Chartered Accountant (CA) Prasanna Kumar D, has shown gratitude to CA. Satish Kumar Gupta, Chairman, CA. Vishnu Kumar Agarwal, Vice-Chairman; and all the members of the International Taxation Committee, for investing their precious time into this publication and appreciating their dedicated efforts and valuable contributions in this comprehensive revision.

The growing landscape of international taxation and transfer pricing has undervalued the growing significance of correctness, consistency and a well-informed approach to compliance and reporting. The reporting requirements under Section 92E of the Income Tax Act, 1961, constitute an integral part of the transfer pricing compliance framework.

Refer to the official publication for complete information.