Dubai Route
This query is : Resolved
03 July 2010
Do any body know about the scam named Dubai Route just bcoz of which TP law comes in India
03 July 2010
I did not heard of any such scam
03 July 2010
03 July 2010
Increasing participation of multi-national groups in economic activities in India has given rise
to new and complex issues emerging from transactions entered into between two or more
enterprises belonging to the same group. Hence, their was a need to introduce a uniform and
internationally accepted mechanism of determining reasonable, fair and equitable profits and
tax in India in the case of such multinational enterprises. Accordingly, the Finance Act, 2001
introduced law of transfer pricing in India through sections 92A to 92F of the Indian Incometax
Act, 1961 which guides computation of the transfer price and suggests detailed
documentation procedures.
to new and complex issues emerging from transactions entered into between two or more
enterprises belonging to the same group. Hence, their was a need to introduce a uniform and
internationally accepted mechanism of determining reasonable, fair and equitable profits and
tax in India in the case of such multinational enterprises. Accordingly, the Finance Act, 2001
introduced law of transfer pricing in India through sections 92A to 92F of the Indian Incometax
Act, 1961 which guides computation of the transfer price and suggests detailed
documentation procedures.
04 July 2010
Sir itna to mujhe bhi pta hai but dubai mei bhot badascam hua tha and isme hamara DTAA bhi applicable hua tha jiska reason bhi nahi pta chala bcoz transaction germany ke sath hui thi
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