Transfer Pricing Challenges Due to Covid 19 A Taxpayer s Wishlist for Budget 2021 -S. Vasudevan, Sriram Vijayaraghavan, Harshit Khurana
The Covid-19 pandemic has posed significant challenges to the taxpayer from a transfer pricing perspective. Resolving these challenges may require intervention from the Government. Will Budget 2021 bring some relief to tax payers? Here are some highlight to explore possible solutions. Comparable Analysis – Challenges Posed By Multi-Year Comparison The most commonly used benchmarking methods under the transfer pricing law such as transactional net margin method or cost-plus method require benchmarking of the tax payer’s income or arm’s length price (“ALP”) with that of comparable com...
Source: businessworld.in