TAX & REGULATORY
KNAV HR solutions
Accounting advisory/CFO services
Internal audits & management
Assessment of internal financial
controls & SOC2 & 3
Enterprise wide risk management
Forensic & investigative services
Human resource risk advisory
IT risk advisory
Valuation for financial
reporting as per US
Valuation for deals
Valuation for regulatory
Provider of business communication applications based on IP technologies
Task at hand
Conducting a benchmarking analysis for a captive contract R&D unit and preparing the tax planning transfer pricing study report.
Appropriate classification of the R&D services in line with CBDT Guidelines;
Lack of comparable companies in the software industry with financial data available in public domain; &
Justifying the use of broad range of comparable companies providing R&D services in pharma industry.
Prepared transfer pricing documentation and discussing the margins;
Provided inter-company contracts and held discussions for implementing the transfer pricing margins; &
Developing an invoicing and transactional flow.
Client feedback on the project
Client discussed and accepted the analysis. The report was also accepted by the R&D center authorities.