Re : international transactions

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chitrasen parida (Querist)
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28 November 2012 Dear sir,

is a contract for sale of goods between an indian company which is a seller to foreign company (buyer)will covered under international transaction .
if yes then pls suggest what requiremnets are to be needed for filing indian company's income tax return.

C.A.laxmikant Saini

C.A.laxmikant Saini (Expert)
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29 November 2012 Dear Parida

Any income arising from an international transaction between associate enterprise shall be computed having regards ALP. So first we have to determine that foreign company fall in defination of Associate Enterprise or not?
If foeign company (Buyer) fall in defination of AE than the assessee need to file Accountant Report in Form 3CEB.

Regards

CA.Laxmikant Saini