Father and 2 sons own Pvt Ltd Co and sells exclusively to one LLP [ where those 2 sons are Partners], who in turn export. In absence of any 3 rd party sale, there is no independent price discovery. What AS plays its role here? Please guide.
4 Replies
CA Raj Doshi
(Practising CA)
(8939 Points)
Replied 28 November 2023
AS alone cannot give practical solution. Tax laws, case laws and layman thinking would help.
Domestic transfers pricing applicable if there are transactions between related parties above 20 crore
Domestic transfers pricing applicable if there are transactions between related parties above 20 crore
Jayanta Bandyopadhyay
(345 Points)
Replied 28 November 2023
Sir.. Rs.20 cr each transaction specific or annual? Pl guide
Jayanta Bandyopadhyay
(345 Points)
Replied 28 November 2023
Sir.. Rs.20 cr each transaction specific or annual? Pl guide
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