Changes In Indian Transfer Pricing Compliance Due Dates – 2020

February 28, 2020

Changes In Indian Transfer Pricing Compliance Due Dates – 2020

India Union Budget 2020 has announced certain important date changes in the compliance for Transfer Pricing and Taxation. The change is proposed so that the Income-tax returns/ declarations could carry auto-populated details, which would simplify the tax return form and process. As management or a consultant, you should be geared up and well prepared to address such a change.We have provided a snapshot (along with new-old comparison) and our comments below which can act as a quick reckoner for your reference. In case you have any questions, feel free to write to the author at info@transprice.in

	Activity	Old Deadline	New Deadline	Comments
1	Transfer Pricing Audit – Form 3CEB	30-Nov-2020	31-Oct-2020	Preponed by 1 month
2	Transfer Pricing Study Documentation	30-Nov-2020	31-Oct-2020	Preponed by 1 month
3	Return of Income (With transfer pricing)	30-Nov-2020	30-Nov-2020	No change
4	Return of Income (Without transfer pricing)	30-Sep-2020	31-Oct-2020	Postponed by 1 month
5	Tax Audit	30-Sep-2020	30-Sep-2020	No Change
6	Master File – Form 3CEAA	30-Nov-2020	30-Nov-2020	No change
7	CbCR – Form 3CEAD	1 year from the end of Parent’s Accounting year	1 year from the end of Parent’s Accounting year	No change
8	Consolidation request for Master File – Form 3CEAB	31-Oct-2020	31-Oct-2020	No change
9	Intimation of designated entity – Form 3CEAC	Two months prior to the due date for furnishing of CbCR – Form 3CEAD	Two months prior to the due date for furnishing of CbCR – Form 3CEAD	No change