Arm's length price for related party transactions
This query is : Resolved
04 September 2016
Respected Sirs, what is the definition of " Arm's Length Price for Related Party Transactions under Companies Act, 2013" and what is the significance and whether it is mandatory to obtain a declaration from the related supplier that the price at which the goods is being supplied to our company is as per " Arm's Length Price for Related Party Transactions under Companies Act, 2013"
04 September 2016
Arm length price means the price which is prevailing in the market when transaction between related parties take place
It attracts when the amount crosses a certain limit
Kindly refer section 188 if companies act 2013
The limits are specified for each transaction
It attracts when the amount crosses a certain limit
Kindly refer section 188 if companies act 2013
The limits are specified for each transaction
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
- Is this income indian or foreign income?
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- GST ON EXPORT COMMISSION
- RCM INVOICING FROM NOV-2024
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
