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Domestic transfer pricing

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Querist : Anonymous

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Querist : Anonymous (Querist)
11 April 2013 SALE OF LAND BY A PVT. LTD TO THE DIRECTORS. WHETHER TP IS APPLICABLE AND TO WHOM.
THE DIRECTORS ARE TREATING LAND AS CAPITAL ASSET.
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CA. PIYUSH GOEL

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CA. PIYUSH GOEL (Expert)
11 April 2013 dear as per sec. 92BA specified domestic transinction includes transiction covered u/s 40A or transactions mentioned u/s 80-IA

both the above mentioned sections deals with only business transictions covered in Profit & loss account.

in your case sec 50C on part of Company and sec 56(2)(vii) on part of director will apply..
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CA. Anuj Gupta

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CA. Anuj Gupta (Expert)
10 November 2013 Since company is not paying any money to directors hence domestic TP shall not apply.

Anuj
femaquery@gmail.com
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