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What are the penal consequences for non-compliance with the Indian Transfer Pricing regulations in business?
What are the penal consequences for non-compliance with the Indian Transfer Pricing regulations in business?
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Answered on February 13,2020
In case of failure to maintain Transfer Pricing documentation, failure to report the transaction, maintenance or furnishing of incorrect information/document, there is a penalty of 2% of the value of each international/specified domestic transaction.
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