The transfer pricing audit environment is very much active and there is no indication of slowing down in this particular area. This particular type of pricing scrutiny is both industry-specific and country-specific which is the main reason that people need to be clear about different kinds of categories of goods, provision of services, intangible assets, intercompany financing and several other kinds of related aspects. Hence, depending upon TP auditors in Pune is very much important and the following are some of the very basic ways in which every organisation can become proactive in terms of their approaches:
- Every organisation needs to be very much clear about understanding the health of the transfer pricing very well in advance so that everything can be carried out with a high level of efficiency and there is no issue at any point in time. This particular aspect will always make sure that everything will be perfectly established as per the needs and requirements of the clients and incorporating of the things into the accounting system will be done very effectively.
- Every organisation needs to be very much aware of the current annual transfer pricing positions so that documentation can be undertaken in a very accurate manner. There are several kinds of compatible firms that will enter and exit the market from one analysis to the next so that everything can be based upon a higher level of accuracy. It is very much advisable for the organisations to be clear about their annual documentation in the form of accurate pricing, protection of the minority, checkmark on the revenue agent compliance box, negotiation position and several other kinds of related aspects.
- Every organisation needs to be very much clear about the implementation of the transfer pricing recommendations into the accounting systems because these calculations will help in adding the real substance to the whole process. The inter-company accounts will become very much streamlined and there will be no chance of any kind of hassle in the whole process. Independent firms will never set longer payment terms and will ensure that assessing the interest charges will be carried out very easily and effectively.
- Building the original substance to support transfer pricing is very much important so the written documents can be carried out very effectively and there is no issue at any point in time. In this particular manner, the transfer pricing will be undertaken very legally and everything will be carried out with a high level of efficiency in the whole process.
- Every organisation needs to perfectly walk into the audit through the position of strength so that a stronger position can be easily enjoyed by the organisations and documentation can be paid proper attention with the help of clarity and confidence.
Hence, depending upon the assessment of the health of the organisations is a very good idea and further depending upon transfer pricing firms in Pune is very much advisable for the organisations to become successful in the long run with the help of proactive and adequate approaches.