Exchange of Information proforma revised and a separate Transfer Pricing proforma proposed to standardise international tax information requests. Requests for foreign tax information under mutual agreements must follow prescribed checklists channelled through the FT&TR Division of the CBDT; a separate Transfer Pricing proforma is to be developed alongside improvements to the general Exchange of Information proforma. Submission rules require Commissioner/Director to address requests to designated Joint Secretaries by geographic allocation, with separate proformas for each taxpayer and each country, and duplicate checklists where multiple countries are involved. Annexures specify required data elements for general information and detailed banking information.
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Provisions expressly mentioned in the judgment/order text.
Exchange of Information proforma revised and a separate Transfer Pricing proforma proposed to standardise international tax information requests.
Requests for foreign tax information under mutual agreements must follow prescribed checklists channelled through the FT&TR Division of the CBDT; a separate Transfer Pricing proforma is to be developed alongside improvements to the general Exchange of Information proforma. Submission rules require Commissioner/Director to address requests to designated Joint Secretaries by geographic allocation, with separate proformas for each taxpayer and each country, and duplicate checklists where multiple countries are involved. Annexures specify required data elements for general information and detailed banking information.
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