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Domestic transfer pricing ( urgent)

This query is : Resolved 
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(Querist)
27 January 2014 Dear all,

A private Company eligible for 80IC having turnover more than 5 crores is giving salary to its directors ( husband & wife) who also owns major shareholding. They are also directors in another company which has dealings with the first mentioned company.

Now will salary given to husband & wife will come under DTP provisions & what can be the consequences.
Can salary of husband and wife will get clubbed in any scenario.
What if wife resigned as director & appointed as CFO.
Is DTP applicable on turnover of 5 crores or turnover with related parties.

Please Help.
Amit
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CA. Anuj Gupta

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CA. Anuj Gupta (Expert)
27 January 2014 Yes, DTP is ONLY applicable for transactions for more than 5 crore with related parties.

Anuj
femaquery@gmail.com
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