India - Circulars on Transfer Pricing of Contract R&D Centres: The Road Ahead
- A. Chakravarty; S. Ray
- International Transfer Pricing Journal, 2013 (Volume 20), No 6
- 6 November 2013
With a view to establishing a degree of certainty and uniformity in the audits of development centres engaged in research and development activities, guidance has been provided to the tax authorities in the form of Circular 6. The authors discuss the contents of the new Circular, along with developments prior to its issuance and future prospects for taxpayers.