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ProwessTraX Prowess Application for TRAnsfer Pricing TaXation with Automated Documentation
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What is Vintage?

A ‘Vintage’ is a database snapshot on seven fixed dates of a year. For example, a March 2014 Vintage means a snapshot of the ProwessTraX database as on 31 March 2014.

The contents of a Vintage are not changed once it is created. Data are neither added nor deleted nor modified. The database remains unchanged for all times to come.

In ProwessTraX, the following database Vintages will be made available for every year:

  1. June - as of 30 June

  2. September - as of 30 September

  3. October - as of 31 October

  4. November - as of 20 November

  5. December - as of 31 December

  6. January - as of 31 January

  7. March - as of 31 March

A Case is created necessarily using any one specific Vintage. A Vintage cannot be changed midway in a case.

If the data for a company is partial (for example, if the financial statements are entered but, the related party transactions are not entered as of a Vintage it will remain so in this Vintage for all times to come. The same would hold for even an error. Completions/corrections could be made in subsequent Vintages.

A user may have created user-defined expressions in, say, the Find comparables using the annual financial statements stage. Such expressions can be imported from one case to another. Such user-defined expressions may or may not work in other Vintages. User-defined expressions are Vintage-specific.

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ProwessTraX is a service from Centre for Monitoring Indian Economy Pvt Ltd.

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ProwessTraX v3.0
Build: 26 Jul'19 [ 17:36 ]

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

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