Form 3CEB to Form 48: What the New Transfer Pricing Reporting Regime Means for Taxpayers!
Since its introduction in 2013, Form 3CEB has served as primary Transfer Pricing ('TP') disclosure form in India. Taxpayers having international transactions or specified domestic transactions (‘SDT’) are required to obtain Accountant’s Report in Form 3CEB and file the same electronically on or before the prescribed due date (31st October). While Form 3CEB captured basic transaction details, it provided limited analytical depth to tax authorities for the purpose of risk-based evaluation.
