What all documents are required to be maintained by a company while executing an international transaction?
The following documents have to be maintained when a company is involved in an international transaction. • The details of the ownership of the person with respect to the company. These include the ownership structure, the details of the shares, and information on ownerships held by any other company on it. • A detailed profile of the foreign group to which the assessed company is associated with for the international transactions. The details such as name, address, country where tax returns are filed, and the legal status, etc., have to be furnished about the multinational group. • A detailed description of the business activities of both the assessed person and the associated group of companies with whom the former has been involved in international transaction. • The details of the international transaction, such as the nature of the transaction, details of the property or services transferred, the terms contained in the transaction, and the amount and value of each transaction. • T
