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Transfer pricing

mona (Direct Tax) (136 Points)

18 November 2018

In case we purchase the goos from our foreign concern are provisions of TP attracted?

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5 Replies

rama krishnan (12234 Points)
Replied 18 November 2018

yes tp provisions will apply

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mona (Direct Tax) (136 Points)
Replied 18 November 2018

what precautions have we to take??

rama krishnan (12234 Points)
Replied 18 November 2018

you need to maintain documents in relation to foreign associated enterprises

nandini k m (33 Points)
Replied 26 November 2018

I received 1000 dollers of dd from Canada by my friend and I converted in to Indian currency in bmo bank offshore account but it is not credited in to my account . the banker has told you must pay the power of attorney for that amount I paid that amount they transfer the amount but it is not credited to my local bank account and they told you have to attached clearance certificate and affidavit document and there is a some of fees for that documents. Is it is possible to pay for that documents or not?