||Prowess Application for TRAnsfer Pricing TaXation with Automated Documentation
Fastest, Easiest, most Reliable way to find Comparables
The Prowess TraX Proposition
Prowess TraX is an end-to-end solution for finding the
arms-length profit margin of a peer set of a given target company in
the Transactional Net Margin Method (TNMM) of creating a Case for a
filing with the Central Board of Direct Taxes (CBDT). Briefly, this is
how it works:
Ensure that you are a registered CMIE user.
If you are already a registered CMIE user for any
CMIE service(s), you can use the same user-id for Prowess TraX
as well. But, if you do not have a registered user-id please get one from
Registration is free.
Download a free copy of the Prowess TraX software from
This free copy is the front-end software that resides on your local
computer. It is used to create a Case for a target company. The target
company is the company for which you would like to make a Case.
Buy a pack of 500 Queries from your local CMIE Business Executive.
These are currently priced at Rs.1,00,000
plus service tax. You can also buy these online from
http://trax.cmie.com. Queries can only be
Purchased in packs of 500. And these are only sold to registered CMIE
users. Purchased Queries show up in the Prowess TraX software when
Start a Case.
Start a Case by entering the name and assessment year of the
target company. The name should be found in the Prowess database. There
are about 28,000 companies in the database. If you do not find the
target company then write to CMIE to include the company using the Seek
Clarifications facility available in http://trax.cmie.com. You may
provide the Annual Report of the company to get it included by CMIE.
Conduct a Case by executing Queries in the Prowess TraX software
to find companies.
There are 13 specific kinds of Queries you may execute. Many
Cases can be completed in less.
A Query is a consumable.
Note that a Query is a consumable. It can be used only once. Every
Query has to be purchased as a part of a pack of 500 Queries.
All Queries are run on the Prowess database as of a specific
date. The Prowess TraX database is frozen as of these dates. This ensures
that all Cases can be re-run with full replication of results as achieved
earlier. The dates on which the Prowess database is frozen for TraX are
as of 30 June, 30 September, 31 October, 30 November and 31 December,
31 January and 31 March.
All queries that you have purchased are valid for 12 months from the date of purchase. Queries that are not used within 12 months expire and cannot be used.
Completion of a Case
Completion of a Case freezes all the specifications and
deletes all the outputs and creates a document in pdf format that
records all the steps taken or skipped and results obtained including
the profit margins of all the comparable companies of the target company.
A Case can be re-run using the same data set that was used the first
time the Case was made. CMIE guarantees the same results if you re-run
a Case. This is the replicability of all Cases. To replicate a Case, you
do not have to buy a CD from CMIE. CMIE maintains the specifications of
all Cases for replication at any time. Replication implies running the
Queries again and therefore you would need to buy the requisite Queries.
Prowess TraX v2.3
Build: 27 Sep'17 [ 12:04 ]
This is an executable software that can be installed on a PC running Windows. This software helps you conduct Transfer Pricing Taxation studies to find comparable companies and their profit margins.
Download & installation is free.
File size: 8.51 MB