Ad Free CAclubindia and Daily Updates on your Mobile. Subscribe Now!

Form-3ceb

Anand Sanga (Accounts Executive) (92 Points)

25 September 2012

Hi,

Can anyone tell us briefly about Form-3CEB and what transactions need to report in S.No.9, 10,12,13 of Form-3CEB.

Reply
Follow
Share

6 Replies

deepali agarwal (Company Secretary) (1289 Points)
Replied 25 September 2012

I too wanted to ask the same that when should we consider section 92e

Upgrade to CAclubindia Pro. Subscribe Now!

Dipjyoti Majumdar (CA in service & CS. dipmaj@ rediffmail.com ) (3468 Points)
Replied 25 September 2012

If you have any 'international transactions' with 'Associated Enterprises'(AE) then section 92E is to be complied with.

In brief, generally, the foreign related parties are AE.

Any transaction like purchase, sale of tangible / intangible goods, rendition of services , borrowings taken or given would fall within the purview of international transactions.

Besides 3CEB, you need to prepare and maintain a documentation report under rule 10D about the TP method used to determine ALP.

Regards,

CA Sunny Jain (Chartered Accountant) (65 Points)
Replied 25 September 2012

in point 13..

whether dividend paid to a associated enterprise should be disclsed in this point.??

Reply..

Thanx in advance

Dipjyoti Majumdar (CA in service & CS. dipmaj@ rediffmail.com ) (3468 Points)
Replied 26 September 2012

Sunny

No, dividend paid to AE does not come within the disclosure requirements of 3CEB. The reason is dividend is appropriation of profit and below the line item.

Should you have any other views on this you are welcome to discuss here or through email.

Regards,

1 Like

S.ASWATH (Manager) (704 Points)
Replied 27 September 2012

Not only the international transactions even from current year with in the group of domestic co also any transaction which attract the profit will be reported under 3CEB