Applicability of specified domestic transaction
This query is : Resolved
Querist : Anonymous
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?
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?
05 October 2014
yes domestic TP should apply in this case.
06 October 2014
the ans is yes ..transfer pricing is applicable in this case
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