Transfer pricing

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VIJAY RAGHAV (Querist)
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01 September 2014 Dear Friends,

Do we need to do the transfer pricing reporting even if the turnover is less than 5 cr. Last year it was more than 5cr and done the transfer pricing reporting. (both international & domestic)

Thanks,
Vijay

Akshay Malpani

Akshay Malpani (Expert)
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01 September 2014 For International Transactions there is no limit; wheres for specified domestic transaction there is a limit of 5 crores.

VIJAY RAGHAV

VIJAY RAGHAV (Querist)
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01 September 2014 Thanks a lot for prompt response. Sorry to bother aagain. So CA has to report if any international transaction irrespective of the monetary limit....is my understanding right?

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Akshay Malpani

Akshay Malpani (Expert)
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01 September 2014 Right, only thing is that TP study is applicable only when value of International Transactions is more than 1 crore.