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What is the materiality limits/threshold for preparing and maintaining transfer pricing (TP) documentation in business?

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Ram Ram
Answered on February 13,2020

The annual TP documentation is required to be maintained if the aggregate value of all international transactions during the relevant financial year exceeds INR 10 million (approximately US$156,250) and/or specified domestic transactions during the relevant financial year exceed INR 200 million (US$3,125 million).

The economic analysis is required to be maintained to justify the arm’s length character of the international transaction, irrespective of the transaction value threshold.

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