Transfer pricing.
This query is : Resolved
26 August 2013
what is transfer pricing.?
please elaborate in details..
please elaborate in details..
26 August 2013
Dear Rinky
Transfer pricing is governed by section 92C of the incone tax act 1961.
In applies in case of a transaction between associated enterprises.
Here the assessee is required to show that the transaction was at an arms length price..i.e it was not prejudiced by the relation of the enterprises.
This means you have to show that the transaction was at a price which would have been charged had it not been between related parties.
Till now it applied only to foreign enterprises..however now it applies to domestic transactions as well
Incase you have any doubt..feel fre to ask
-Ankit
Transfer pricing is governed by section 92C of the incone tax act 1961.
In applies in case of a transaction between associated enterprises.
Here the assessee is required to show that the transaction was at an arms length price..i.e it was not prejudiced by the relation of the enterprises.
This means you have to show that the transaction was at a price which would have been charged had it not been between related parties.
Till now it applied only to foreign enterprises..however now it applies to domestic transactions as well
Incase you have any doubt..feel fre to ask
-Ankit
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Tax on capital gains revoked us 54f
- Inventory of finished goods
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Sale of property furniture sale
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Applicability of Ind As to associate of associate
- Refund of AY 22-23
- Disallowance of Section 43B(h) to sez units
- Confusion around Form 26QB fields
- Last year input claim shown in gstr9
- GST Registration Cancellation books of accounts asked by officer
- TDS Deduction Online Learing Platform
- Point (III) 9 of GSTR-9C
- As per our records, find the below outstanding demand(s)* and interest payable u/s 220(2):
- Regarding transaction th. credit card
- HSN Details in IFF/GSTR-1 & in GSTR 9
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
