Transfer Pricing has always been a topic of interest for companies trading between Sweden and India. For an indepth understanding of planning and strategies pertaining to transfer prices,Swedish Chamber of Commerce India and Sweden India Business Council invite you to a roundtable with Mr Kiran Acharya, Managing Director and CFO of Sandvik India, and Treasurer, Board of Directors SCCI. Kiran carries extensive experience and knowledge in this area, having worked both in Sweden and India for many years. There will be time for Q&A so please join us by registering below today.
Transfer Pricing definition according to Incometaxindia.gov.in
"Commercial transactions between the different parts of the multinational groups may not be subject to the same market forces shaping relations between the two independent firms. One party transfers to another goods or services, for a price. That price is known as "transfer price". This may be arbitrary and dictated, with no relation to cost and added value, diverge from the market forces. Transfer price is, thus, a price which represents the value of good; or services between independently operating units of an organisation. But, the expression "transfer pricing" generally refers to prices of transactions between associated enterprises which may take place under conditions differing from those taking place between independent enterprises. It refers to the value attached to transfers of goods, services and technology between related entities. It also refers to the value attached to transfers between unrelated parties which are controlled by a common entity"