• Divya Prasanna
• Narendra.K

The Research paper is a Study based on Transfer Pricing, which has been one of the most discussed taxation issues in the current world. The methods of Calculating Arm's Length Price and the factors to be considered to select an appropriate method have been discussed in the study. Transfer pricing refers to arrangements and techniques for valuing transactions inside and between Related Party Enterprises. It is used as a technique of window dressing Financial Books. By adjusting or manipulating the multinational entities concerning their accounting to attenuate liabilities. Because of the capacity for internationally controlled transactions to twist measurable financial gain, tax authorities in many nations will change intra-group transfer prices that vary from what will be charged by unrelated parties dealing at arm's length. The study also talks about the documentation requirements by the Taxpayer during the assessment years and the penalty involved if there is failure of furnishing Documentation. The BRICS and The OECD guidelines and the norms have been discussed in detail, The guidelines given by BRICS and OECD to the Indian Transfer Pricing Law has been Considered.

Transfer Pricing,Related Party Transactions,Arm's Length Standards

"A STUDY ON DECISION MAKING MECHANISM OF TRANSFER PRICING", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 6, page no.959-967, June 2019, Available :http://www.jetir.org/papers/JETIR1906R33.pdf

"A STUDY ON DECISION MAKING MECHANISM OF TRANSFER PRICING", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 6, page no. pp959-967, June 2019, Available at : http://www.jetir.org/papers/JETIR1906R33.pdf