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Applicability of specified domestic transaction

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Querist : Anonymous

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Querist : Anonymous (Querist)
04 October 2014 Dear Sir,

Suppose 'x'(Individual) has a morethan 20% of shares and voting power in 'A' ltd(India) and he has also more than 20% of voting power and shares in 'B' ltd,'C' ltd and 'D' ltd(Three are in india). Is A,B,C,D said to be specified persons under transfer pricing if transactions of A with B,C,D exeeds 5 cr?
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
05 October 2014 yes domestic TP should apply in this case.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
06 October 2014 the ans is yes ..transfer pricing is applicable in this case
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