03 July 2010
Increasing participation of multi-national groups in economic activities in India has given rise to new and complex issues emerging from transactions entered into between two or more enterprises belonging to the same group. Hence, their was a need to introduce a uniform and internationally accepted mechanism of determining reasonable, fair and equitable profits and tax in India in the case of such multinational enterprises. Accordingly, the Finance Act, 2001 introduced law of transfer pricing in India through sections 92A to 92F of the Indian Incometax Act, 1961 which guides computation of the transfer price and suggests detailed documentation procedures.
04 July 2010
Sir itna to mujhe bhi pta hai but dubai mei bhot badascam hua tha and isme hamara DTAA bhi applicable hua tha jiska reason bhi nahi pta chala bcoz transaction germany ke sath hui thi
CAclubindia
