CMIE’s Prowess database on companies is valued by the CBDT tax
authorities as well as the transfer pricing firm practitioners due to
its reliability, accuracy and perfect standardisation of data captured
from the financial statements of companies.
While the transfer pricing firm practitioners have come to
implicitly trust the databases of CMIE such as Prowess. Prowess TraX
(Prowess Application for Transfer Pricing Taxation) has taken a step
further to boost this confidence. Prowess TraX provides automated
documentation of the Case for free. For more details visit our website
Prowess TraX provides an exceptional facility called the Expression Explorer.
The Expression Explorer facility helps you to do three things;
It helps you in directly tracing the value of an indicator
to the relevant page of the source document i.e Annual Report.
With a simple click on an indicator from Reports available
in Prowess TraX, you can view the indicator to its relevant page of the
annual report from where it has been sourced from. This tracing to the
page of the annual report is also available for all the constituents of
Expression Explorer also displays the computation of an
indicator with the value of its constituents.
We believe this trace back facility of Expression Explorer will
help the practitioners because:
It will save time spent in referring to the physical
annual report for computation of indicators.
It will brings in comprehensive understanding of the
computation of indicators used for searches.
It will bring in complete transparency in PLI computation.
It will help in dealing with the tax authorities.
All these four things mentioned above can be done in the Prowess
TraX application most easily.
In this way, the user can be sure what is the meaning of the
indicator and from where in the annual report was the value of the
The Expression Explorer facility will help you make your Transfer
Pricing Taxation Case more accurate and reliable.