Transfer Pricing Update - Interest on secondary adjustment

Rules for computing interest on secondary adjustment

As an enabling provision to secondary adjustment concept introduced by Finance Act 2017 in Indian Transfer Pricing Legislation; the Central Board of Direct Taxes has issued a Rule prescribing the time limit   for receipt of money in India to the extent of transfer pricing adjustment and mechanism of interest computation on amount not repatriated and treated as advance to foreign related party.

We, at BDO, have summarized the notification. We hope you find it useful.

Download to read in detail.