Arms Length Transactions
This query is : Resolved
R.Jayakrishnan
(Querist)
18 August 2008
What is the definition of arms length transaction? Is physical transfer of money a must in an arms length transaction?
21 August 2008
Transfer Pricing - Arm's length price
92F (ii) arms length price means a price which is applied or proposed to be applied in a transaction between persons other than associated enterprises, in uncontrolled conditions;
92F (ii) arms length price means a price which is applied or proposed to be applied in a transaction between persons other than associated enterprises, in uncontrolled conditions;
R.Jayakrishnan
(Querist)
21 August 2008
Is physical transfer of money is a must in an arms length transaction?
27 August 2008
No, it is not so. It relates to International Transaction whereby the taxability is worked out on the basis of Armed Length Price calculated in terms of provisions contained in section 92 to 92F.
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