Form No. 048 - Report from an accountant to be furnished under section 172 relating to international transaction(s) and/or specified domestic transaction(s)
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Transfer pricing reporting form requires accountant certification, arm's length price computation, and disclosure of international and domestic transactions. Report from an accountant in the prescribed form for disclosure of international transactions and specified domestic transactions, including particulars of the assessee, identification of associated enterprises or other persons, transaction-wise book values, advance pricing agreement details, and the mechanism for arm's length price determination. The form requires selection of the most appropriate transfer pricing method, use of comparables, computation of arm's length price, and disclosure of any adjustment. It also contains a documentation section and schedules for relevant expenses and revenue used in transfer pricing analysis.
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Transfer pricing reporting form requires accountant certification, arm's length price computation, and disclosure of international and domestic transactions.
Report from an accountant in the prescribed form for disclosure of international transactions and specified domestic transactions, including particulars of the assessee, identification of associated enterprises or other persons, transaction-wise book values, advance pricing agreement details, and the mechanism for arm's length price determination. The form requires selection of the most appropriate transfer pricing method, use of comparables, computation of arm's length price, and disclosure of any adjustment. It also contains a documentation section and schedules for relevant expenses and revenue used in transfer pricing analysis.
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