Related Party solution
23 June 2023
Organisations often face challenges while complying with Transfer Pricing Audit requirements, owing to the time-consuming process and compilation of data from various sources. Additionally, it also requires a sign-off from an auditor, requiring the management to share key information with the auditor via email or physical documents, posing significant information security threats.
To address these challenges, BDO India offers ‘Related Party’ solution, a comprehensive web-based tool designed to simplify and automate the reporting process of Transfer Pricing Audit compliances.
The solution helps businesses by providing direct integration with ERP systems, thus doing away with the need for manual data entry and excessive time spent on complex data analysis. Furthermore, it facilitates the auditor with direct access to information through the tool, eliminating sharing of sensitive information over email.
Read our publication to know more about how our Related Party solution can help taxpayers avoid penalties and fines by ensuring timely compliance