Purchase of software from foreign related party

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

24 September 2012  

During FY 11-12, the company purchased a software from its foreign related party (AE). This will be reported in Form 3CEB for transfer pricing.

The company has not purchased similar software from any foreign unrelated party.

Under this scenario, which method of TP will be used to determine arm's length price.

Regards,