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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?
Jobin
Answered on February 13,2020
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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