Transfer pricing refers to the pricing of cross- border transactions between two related entities. When two related entities enter into any cross- border transaction, the price at which they undertake their transaction is called transfer price. Due to the special relationship between related companies, transfer price may be different than the price that would have been agreed between two unrelated companies.
We assist clients with the study of their business operations, intra-group transactions and recommend long-term transfer pricing strategies including the methodologies to be adopted, by developing detailed reports on transfer pricing assignments. We also help in complying with the requirements in relation to TP audit as per the provisions of Income Tax Act, 1961. N.G.THAKRAR & Co. is one of the few firms in Mumbai offering transfer pricing services.
We represent clients at levels before tax authorities and appellate bodies. We assist clients and their legal counsel while representing their case before the courts on their transfer pricing litigation.