Can anybody provide me a clarification regarding requirement of filing Form 3CEB with the IT Deptt under transfer pricing rules of Income Tax Act with respect to the following-
1) Is there a need to file the report under form 3CEB even if the transaction value with the related enterprise during the concerned F.Y is below the Rs.1 Crore limit.
2) If there is a need as above then what is the last date of filing?
3) What is the mode of filing - whether manual accompanied with a covering letter to the concerned ITO?
4) If the answer to above is negative then, Is there any need to keep the necessary documentation on record?
Kindly answer with the relevant rule/section.
Thanks in anticipation,
CA Rahul Jain
CAclubindia
