Friends,
If the specified domestic trasnactions during the year is only 50 lakhs, is it needed to prepare a detailed documentation report under Rule 10D read with section 92D.
For international transactions Rule 10D is not applicable till Rs 1 crore.
Regards,
I understand that domestic TP is triggered if the aggregate related party transactions exceed 5 crores. What about maintenance of records / preparation of documentation report -- is it applicable if the transactions exceed 5 crore.
Please respond.
Regards,
CAclubindia
