Domestic transfer pricing

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

19 November 2014 If a company is audited under income tax law and company made payment to relative are exceeding rs 5 crore. Income tax audit has been conducted by a c.a. but audit under domestic transfer pricing are not done. can a c.a. is responsible for these?????

Amol S Joglekar

Amol S Joglekar (Expert)
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19 November 2014 Basically try to understand a simple RULE. The assessee is required to get its account audited. The same RULE applies for Domestic Transfer Pricing audit as well.

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