Transfer Pricing: Basic concepts and compliances

This is the first course in Tax Academy's Transfer Pricing Certification. This certification will provide you with the relevant skills to apply transfer pricing or TP knowledge in less than two months. In this course, you will first learn the fundamentals of the legal, administrative and procedural framework of transfer pricing. You will look into the related definitions, concepts and guidelines under the Indian TP laws as well as OECD (Organisation for Economic Co-operation and Development) TP guidelines. Learners who complete this certification can gain the skills required to apply to introductory job positions in the industry or consultancies.

• Transfer pricing regulations: An overview
• In this module, we shall introduce you to the basic concepts of the legislative and procedural framework of transfer pricing law in India, the key concept of arm’s length pricing, definition of international and specified domestic transactions and a broad layout of other key areas under the TP framework. This module will provide you with the background required to become familiar with the concepts and principles under TP law.
• Transfer pricing–related compliances
• In this module, we shall explain the compliances as prescribed under the Indian TP laws. We shall discuss the key compliances relating to transfer pricing documentation, Master File and Country-by-Country report. The module will also highlight the administrative mechanism and procedural overview in relation to filing of requisite forms along with key considerations for preparation of the Transfer Pricing report.