Transfer pricing (TP) remains a critical area for CFOs to track and monitor, particularly owing to the ever-evolving nature of TP regulations and deepening enforcement by the tax authorities. Some of the important changes in India’s transfer pricing landscape include the growing use of data analytics, SEBI's new focus on royalty payments as a payout mechanism from India, a growing emphasis on TP to boost tax revenues, a focus on dispute resolution through the Vivad Se Vishwas (VSV) scheme and a higher threshold for department appeals.

At a recent India CFO Forum session in Bangalore, Fatema Hunaid, APAC Transfer Pricing Lead at Grant Thornton, shed light on recent developments in this area, focusing on regulatory changes, the use of dispute management mechanisms and some best practices for MNCs to follow while navigating this complex domain. This podcast summarises these discussions.