BSE NSE Portfolio Tracker Login Password Forgot Password New users Click here to register. These draft rules have certain sore spots. The next three to four years will be the Darwinian era for transfer pricing legislation in India.
Evolution does take time, unfortunately.
No other method has been specified. The wordings under the RPM, CPLM and the TNMM in the draft rules suggest that these methods are to be applied to the Indian associated enterprise only. However, circumstances could require that these methods be applied to the overseas associated enterprise only. For example, the RPM would need to be applied to the overseas distribution subsidiary of an Indian parent company. It would be necessary, therefore, to amend the wordings to bring the methods in line with universally accepted approaches.