Documents Required for Transfer Pricing Compliance in India
Transfer Pricing Compliance in India is granted on the strength of the papers you file with it, so a complete set at the start is the difference between form 3ceb filed before the due date (31 october under current rules, unless extended) and a query that sends the application back. Below is every document our team needs from you, what each one is for, and how to get it to us. You upload all of it in your Fastlegal dashboard — nothing is couriered, and nothing is payable while you gather it.
Checklist: 7 documents for transfer pricing compliance in india
- 1
Audited or provisional financial statements of the Indian entity
- 2
Group structure chart showing all associated enterprises
- 3
Intra-group agreements: services, royalty, licence, loan, distribution or cost-sharing
- 4
Ledger of all transactions with group companies, with invoices and amounts in both currencies
- 5
Description of the functions performed, assets used and risks borne by the Indian entity
- 6
Group transfer pricing policy or master file, if one exists
- 7
Prior-year Form 3CEB and transfer pricing study, if any
Government fees payable alongside
Database subscription or benchmarking data charges, if any, and penalties for non-compliance payable at actuals. These go to the department at actuals and are shown to you before they are paid; our professional fee is quoted separately once we have seen your case.
What we file with them
- Identification of associated enterprises and international transactions for the year
- Functional, asset and risk (FAR) analysis of the Indian entity
- Selection of the most appropriate method and benchmarking against comparable companies
- Transfer pricing study report and local documentation as prescribed
- Preparation and filing of Form 3CEB with the accountant's certification
- Master file (Form 3CEAA) and related intimation (Form 3CEAB), where thresholds apply
- Guidance on intra-group agreements and pricing policies for the following year
How to submit your documents
- 1
Start it online: Start annual transfer pricing compliance; we scope your related-party transactions on a call.
- 2
Upload documents in your dashboard: Upload financials, group agreements and the related-party ledger to your Fastlegal dashboard.
- 3
We benchmark, document and file Form 3CEB: We perform the FAR analysis, run the benchmarking, prepare the study report and documentation, and file Form 3CEB certified by a chartered accountant.
- 4
Track & download: Track progress in your dashboard and download the study report, documentation and the filed Form 3CEB acknowledgement.
Scans or clear phone photographs are fine for every item above. Documents live in your private vault, are served only to your signed-in account and the team working on your file, and you can delete anything you uploaded.
Document questions for transfer pricing compliance in india
When is transfer pricing documentation mandatory?
A detailed transfer pricing study is mandatory once the aggregate value of international transactions in the year exceeds the prescribed threshold under current rules. Below it, the entity must still be able to show that pricing is at arm's length, so we recommend at least a basic analysis.
What are the consequences of non-compliance?
Penalties apply for failing to file Form 3CEB, for not maintaining documentation and for not furnishing it when asked, and the tax officer may adjust the taxable income if pricing is found not to be at arm's length. Proper documentation is the main defence.
Got your documents together?
Hand transfer pricing compliance in india to our team and upload them straight away. We confirm a fixed fee once we have seen what is involved — nothing is charged until you approve it.
Not sure which documents apply to you?