Indian government to upgrade transfer pricing norms to match global standards
February 18, 2011
The Indian finance minister’s comments to the press last month about the inadequacies of the country’s transfer pricing norms have provoked a new wave of hope for future clarity, reports a KPMG correspondent.
While addressing a press conference on the issue of black money last month. Pranab Mukherjee, the Indian finance minister, said the Indian transfer pricing norms, which were introduced in 2001, do not have detailed provisions compared to the transfer pricing provisions of developed countries.
Sorry. You must be a subscriber to view this article. Alternatively, why not take a free trial? To subscribe and access this article immediately simply click here or call +44(0)207 779 8380.