Forms ‐ Frequently Asked Questions

What is Form No. 48? Who should file Form No. 48? Is Form No. 48 mandatory? What is the time limit for filing Form No. 48? How many times can Form No. 48 be filed in a year? Can Form No. 48 be filed offline? What is the general structure of Form No. 48? What if the assessee does not have a PAN for Part A? In Part C and D, how to fill up the AE ID, Person ID and DAE ID? In Part C, if both PAN and TIN are available for the AE, what is to be furnished? If both PAN and TIN are not available what is to be furnished? In Part C and D, how is the column relating to the nature of relationship with the AE to be filled up? In Part C and D, how is the information related to types of international/specified domestic transactions to be provided? In Part C and D, how to fill up the transaction ID? If the assessee has signed more than one advance pricing agreement (APA) how the details are to be furnished? Is the assessee required to fill Part E for determination of ALP for each transaction? In case the assessee has aggregated closely linked transactions how the details are to be furnished? In case a transaction (say royalty) has been benchmarked by aggregating with another transaction and also benchmarked separately, how will it be reported? In the RPM table, if there are more than one comparables what should be the value of C (rate of gross profit margin for comparable uncontrolled transactions before adjustment)? How are details to be filled if the most appropriate method is Resale Price Method (RPM)? How are details to be filled if the most appropriate method is Cost Plus Method (CPM)? How are details to be filled if the most appropriate method is Transactional Net Margin Method (TNMM)? How are details to be filled if the most appropriate method is Comparable Uncontrolled Price Method (CUP)? How are details to be filled if the most appropriate method is Profit Split Method (PSM)? How are details to be filled if the most appropriate method is Other Method? How will the arm's length price and amount of adjustment be auto-populated in Part C/D? In the case of aggregated transactions how will the adjustment and ALP be auto-populated in Part C/D? What documents are required to file with Form No. 48? You need to login to view the answer
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