Domestic transfer pricing ( urgent)
This query is : Resolved
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
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
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
Anuj
femaquery@gmail.com
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