TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Manuals
of of All Manuals
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Non-compliance with transfer pricing rules risks hefty penalties under Sections 92D, 271AA, 271BA, 270A, and 271GB.</h1> Penalties related to transfer pricing under international taxation include various fines for non-compliance. Failure to maintain or submit required documentation under Section 92D can result in a penalty of 2% of the transaction value (Section 271AA). Not submitting a chartered accountant's report incurs a penalty of 1 lakh (Section 271BA). Misreporting income related to international transactions can lead to a penalty of 200% of the tax due (Section 270A). Additional penalties under Section 271GB include daily fines for late reporting, with amounts increasing for extended delays, and a fine of 5 lakh for submitting inaccurate information in a CBC report.
TaxTMI 
