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ProwessTraX Prowess Application for TRAnsfer Pricing TaXation with Automated Documentation
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Will CMIE accept Annual Reports you provide to add into ProwessTraX?

Yes, we will accept Annual Reports from you, if the Annual Report is uploaded through the Seek Clarifications interface and if it meets the following conditions:

  1. It is an authentic copy of the Annual Report approved by the Board of Directors of the company

  2. It is a complete Annual Report containing at least the following:

    1. Name and address of the company

    2. Complete names of the Board of Directors and Statutory Auditors

    3. Directors’ Report and Auditors’ Report

    4. Balance Sheet with all its relevant Schedules

    5. Statement of Profit and Loss with all its relevant Schedules

    6. Notes to Financial Statements

CMIE may cross-check the Annual Report submitted with the one uploaded by the company on the website of the Ministry of Corporate Affairs.

If CMIE feels that the Annual Report submitted is incomplete or there are doubts regarding its authenticity, CMIE may decide not to include it into the ProwessTraX database.

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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.

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