Domestic transfer pricing

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

01 November 2013 Would Sale of goods Rs.6.5 Cr to a related party be covered under domestic transfer pricing. Kindly advice if 3ceb required

Ajay Mishra

Ajay Mishra (Expert)
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01 November 2013 Go to the following link:

http://www.pwc.in/en_IN/in/assets/pdfs/publications/2013/domestic-transfer-pricing-navigating-new-challenges-booklet.pdf

https://www.caclubindia.com/articles/domestic-transfer-pricing--17344.asp#.UnN0uRenyVE

Querist : Anonymous

Querist : Anonymous (Querist)

01 November 2013 Ok Thanks. Can I conclude that if not covered under 80IA- Sale/ Purchase of goods does not attract Domestic transfer pricing. pls confirm

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Nikhil Kaushik

Nikhil Kaushik (Expert)
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02 November 2013 yes. Sale won't be covered. Put purchase shall be covered under:

"any expenditure in respect of which payment has been made or is to be made to a person referred to in clause (b) of sub-section (2) of section 40A;"

kantijain

kantijain (Expert)
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12 November 2013 Whether purchase from HUF's concern (of the proprietor-Mr.A)by Mr.A is covered under Domestic Transfer Pricing (DTP)?
I personally feel yes as it is an expense & get covered u/s 40A(2)(b)(iV)/(V)/(Vi), pls confirm??

Nikhil Kaushik

Nikhil Kaushik (Expert)
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12 November 2013 yes it will be covered.

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