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Published in:
2021 | OriginalPaper | Chapter
India
Authors : Anis Chakravarty, Amit Dattani, Dilip Sutar
Published in: Intangibles in the World of Transfer Pricing
Publisher: Springer International Publishing
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Abstract
Transfer pricing provisions were introduced by the Indian Finance Act (“IFA”), 2001. These provisions are broadly aligned with the OECD Guidelines on transfer pricing. Over the years, the Indian Government has taken various steps to streamline the provisions further; with an objective to follow international best practices. India has shown an inclination to adopt the principles outlined in the BEPS Action Plans. Some of the Indian provisions mirror BEPS guidelines to a large extent. Specific mention may be made of developments with regard to research and development (R&D) contracts—discussed later in this chapter.
