Arm's length price for related party transactions

This query is : Resolved

TARIQUE RIZVI (Querist)
Follow

04 September 2016 Respected Sirs, what is the definition of " Arm's Length Price for Related Party Transactions under Companies Act, 2013" and what is the significance and whether it is mandatory to obtain a declaration from the related supplier that the price at which the goods is being supplied to our company is as per " Arm's Length Price for Related Party Transactions under Companies Act, 2013"

Unnikrishnan B

Unnikrishnan B (Expert)
Follow

04 September 2016 Arm length price means the price which is prevailing in the market when transaction between related parties take place
It attracts when the amount crosses a certain limit
Kindly refer section 188 if companies act 2013
The limits are specified for each transaction

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

RAHUL SURANA

Hanuma Yanduri

MEHUL M. KEVAT

Sharad Jain

velichety.l.narasimharao

Subscribe Now

Arm's length price for related party transactions

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

CA Final

GST CONSULTANT

Senior Executive

Accountant

Manager- Finance and Compliance

GST CONSULTANCY