World TP Reviews

Transfer pricing
AKM Global

Accounting firm AKM Global provides various tax practices such as direct and indirect tax, tax dispute resolution and transaction advisory. It mainly focuses on dealing with cross-border transactions and works with both companies and individuals having cross-border issues. The transfer pricing practice keeps expanding to other jurisdictions. It advises firms in Africa and assists firms in the US and the UK in their transfer pricing needs.

Details of the firm’s work and clients remains confidential.

Amicus Advocates & Solicitors

Amicus Advocates & Solicitors started as a boutique transfer pricing practice and now becomes a full-service law firm with five partners and 25 professionals. Partner Ashutosh Mohan Rastogi heads the team. Its transfer pricing team designs and implements transfer pricing policies with comprehensive documentation support, also offers transfer pricing risk mitigation advice from overseas perspective leveraging on its global network, Altus-Network, of transfer pricing specialists.

The team recently won a transfer pricing case and succeeded in deleting and quashing the entire transfer pricing adjustment on receivables at income tax appellate level for the client. This favorable win provides a precedent to the client for more favorable wins in future on similar set of facts.

Anup Sinha & Associates

The tax practice includes income tax, international tax, transfer pricing and indirect taxes. It supports both foreign multinational companies, Indian multinational companies and Indian companies and is active in manufacturing and service sector.

Parter Rituparna Sinha recently advised the client for the purpose of making a cost contribution arrangement with associated enterprises. The work included drafting of the scope of services and other terms and conditions of the relevant agreement.

Ashok Pranshu & Co

Ashok Pranshu & Co has around 30 years of experience in auditing and tax advisory services to businesses and individuals. Partner Pranshu Goel is the key professional in the team. He assisted the firm to strengthen the tax and litigation practice and specialises in individual income tax, corporate tax, international tax and transfer pricing.

Details of the firm’s work and clients remains confidential.

AZB & Partners

Ajay Bahl is the head of the tax department at AZB & Partners. He focuses on tax advisory, corporate advisory and M&A for both domestic and international clients. Deepak Chopra leads the tax litigation team. He has more than 30 years of experience in tax advisory and litigation areas. The team provides practices including advisory, tax litigation, corporation tax planning and international tax. In addition, it works with other teams such as IP and competition law in order to ensure a holistic approach to tax practice.

Recent examples of the firm’s work have seen it representing the client before the Income Tax Appellate Tribunal, Kolkata. This matter involved advertising marketing and selling expenses, which is one of the most litigious issues.

BDO India

The India branch of international firm BDO has a significant footprint in the country, with more than 3,000 operating in offices in 10 cities nationwide. In 2020, the firm established its Global Transfer Pricing Centre of Excellence to provide value driven global transfer pricing services to its clients. It supports services such as compliance, audit support and advisory.

The team recently represented the client before the Transfer Pricing Officer as a part of transfer pricing assessment proceedings.

The team welcomed Kamal Sharma as an associate partner. He previously worked in PricewaterhouseCoopers Private. Manoj Damodar Purohit and Amit Ganatra also joined the team as partners, both previously worked in Deloitte Haskins and Sells.


Partner Shuchi Ray, Tehmina Sharma and Sanjay Kumar cover the transfer pricing practice. The tax practice supports indirect tax, M&A, international tax and business taxation. Currently, the team is focused on industries schools, business simulations and community of practice activities to drive client growth.

The team recently provided end-to-end support to the client in relation to effectively selling their Indian business of manufacturing and marketing of adhesives, and other related chemical products, to an Indian listed entity for a significant amount. The work included advisory assistance before and during implementation of the transaction, along with valuation support and review of various transaction documentations involved in the process.

Dhruva Advisors

Dhruva Advisors is a full-service tax boutique with 20 partners and senior advisors. Its tax practice includes mergers and acquisitions, restructurings, domestic and cross-border taxation, direct and indirect tax litigation, and transfer pricing. Its network comprises eight offices that are spread across three countries, which are India, Dubai and Singapore.

Details of the firm’s work and clients remains confidential.

Economic Laws Practice

Key professionals at Economic Laws Practice include Rohit Jain, Nishant Shah and Harsh Shah. Its practice covers both indirect and direct taxes involving the entire spectrum of transactional, advisory and litigation work. It provides litigation assistance and represents clients in both adjudication and appellate proceedings. Its transfer pricing practice focuses on comprehensive analysis and assisting clients in planning their transfer price.

The team welcomed a new partner Saumil Shah, who previously worked in Dhruva Advisors, in 2020 to strengthen its direct tax practice.


Partner Vijay Iyer is the national leader of the transfer pricing practice in India. He has vast experience and is active in transfer pricing litigation. The EY tax team offers comprehensive services by specialised groups, including tax and economic policy group, tax knowledge and solution group and digital tax practice group. The digital tax practice comprises of nine partners and associate partners, and more than 275 professionals.

The team recently acted as the lead firm and centrally managed the overall delivery of the project, which relates to central management of permanent establishment and profit attribution risk for a US based mid-size MNE group. This matter involved EY offices in the USA, China, Japan, Taiwan and Singapore.

Gaiea Consulting

Gaurav Shah is the founder of Gaiea Consulting and he speicialised in transfer pricing. Gaiea Consulting is a boutique firm and offers international tax and related services, including the entire gamut of advisory, compliance, representation and litigation support in the domains of cross-border tax, transfer pricing, expatriate tax, exchange control regulations (FEMA), FATCA and CRS, and domestic tax.

The team recently assisted the client, part of a French pharma group, in designing the transfer pricing policy with respect to sale of branded healthcare product to an affiliate in Thailand. The advice provided has subsequently been approved by the transfer pricing auditors in India as well as Thailand.

Grant Thornton India

The tax team has 69 transfer pricing professionals spread across 8 offices in India and provides provide full spectrum of transfer pricing services which include planning, policy making, implementation assistance, documentation and compliance, end to end handling of Advance Pricing Agreement. In 2020, it has established two new core teams to deliver high quality benchmarks across sectors, functions and geographies, and to provide a comprehensive suite of RPT review and benchmarking services.

The team recently assisted the client in reviewing the arm’s length nature of its Identified Related Party Transactions from the perspective of the arm’s length standard as contained in the Real Estate Investment Trust regulations by Securities Exchange Board of India.

JMP Advisors

Jairaj Purandare leads tax practice at JMP Advisors. He has more than 30 years of experience in tax and business advisory. He is also an authority on tax and regulation in India. Rajesh Athavale is another key practitioner at firm. He focuses on tax litigation, corporate tax and international tax. The team provides various tax services such as international taxation, domestic taxation, transfer pricing, M&A, GST and high-net-worth family services.

Details of the firm’s work and clients remains confidential.

In 2021, the team welcomed a new partner, Krishna Kanakia. He has worked extensively in the areas of expatriate taxation and multi-jurisdictional local taxes.

Khaitan & Co

Khaitan & Co provides services including both direct tax and indirect tax. The team is comprised of lawyers and accountants that provide business-oriented, actionable advice for clients. The transfer pricing team offers services including advising, reviewing and representing clients before various levels of the judiciary, assisting in critical tax assessments, advising at the transactional planning stage.

The team led by Sanjay Sanghvi recently handled a tax and transfer pricing related advisory matter for the client Subway India. It provided comprehensive tax advisory and tax counselling services to the client on various high value tax, international taxation and transfer pricing related matters in India including on some of the intricate Transfer Pricing related aspects.


The tax practice is led by Uday Ved, who has more than three decades of experience and specialised in corporate tax and international tax practice. Senior advisor Sanjay Kapadia covers the transfer pricing practice. The tax team started providing services in respect of digital tax from indirect tax, VAT, GST perspective in countries outside India in 2020.

The team led by Uday Ved recently advised on acquisition of intellectual property rights for vaccine manufacturing and setting-up outbound structure for meeting certain commercial considerations. It acted as one stop solution provider on various tax and regulatory implications arising out of the proposed structure from India and overseas regulations standpoint.


Rajeev Dimri is the national head of tax and specialises in indirect tax. The team offers services including international tax, transfer pricing, indirect tax, deal advisory, M&A tax, global mobility services and tax technology and automation. With the support of other member firm's offices spread across the globe, it provides quality national and international tax advice.

The team recently handled a litigation case of Indian subsidiary of a global conglomerate dealing in electronics and consumer durables. It assisted the client in proceedings before the Tribunal on the most litigious transfer pricing issue in India, which is advertisement, marketing and promotion expenses related issue.

Lakshmikumaran & Sridharan

Lakshmikumaran & Sridharan is an India member firm of a top International legal network, the Terralex and First law International. It provides solutions and assists the client from the Adjudicatory Level up to Supreme Court, covering the tax areas of good and service tax, customs, income tax and litigation.

Nangia Andersen

Nangia Andersen is part of Andersen Global and it has more than 260 offices globally across 87 countries. It specialised in the oil and gas industry in India and provides comprehensive solutions across the value chain and have over 40 years of experience in handling complex issues faced by the industry participants. Partner Nitin Narang covers the transfer pricing practice.

The team led by Nitin Narang recently assisted the client, an African Group of Companies operating in real estate industry, with setting up arm’s length remuneration model, transfer pricing policy and to prepare master file document as per OECD transfer pricing guidelines. 

Nexdigm (SKP)

Nexdigm (SKP) provides services such as M&A, indirect tax and a high-net-worth individual practice. It recently established a knowledge, solutions and markets function that focuses on knowledge management, esoteric research, preparing position papers and building tax products. Its transfer pricing team offers services such as designing global transfer pricing policies and representation services besides certification and documentation.

One of the work highlights of the team is an advisory matter, it advised a media and entertainment group on potential transfer pricing issues with respect to its new venture in the Middle East. The work included highlighting all transfer pricing-related risks or challenges that could arise in the proposed intra-group arrangement.


Himanshu Sinha is the head of the tax department at Trilegal and specialises in direct tax, including advisory and controversy practices. Another key practitioner is Samsuddha Majumder and covers both direct and indirect tax. The team includes lawyers who have experience working in the Big Four and chartered accountants who have international qualifications and experience.

The team recently handled a deal that involved tax and transfer pricing matter. It advised the client on several tax issues including review of the legacy tax issues, tax efficient structuring of the transaction, customs debonding aspects.