Transfer pricing
This query is : Resolved
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
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
01 September 2014
For International Transactions there is no limit; wheres for specified domestic transaction there is a limit of 5 crores.
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?
01 September 2014
Right, only thing is that TP study is applicable only when value of International Transactions is more than 1 crore.
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