Relative party transaction

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

19 October 2014 when a partner having interest @20% in the two different firms and thes two firms are under audited and they are doing purchase sale transaction to each otherive party . is it cover under relative party transaction ?

Nikhil Kaushik

Nikhil Kaushik (Expert)
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20 October 2014 this is in reference to transfer pricing?

Querist : Anonymous

Querist : Anonymous (Querist)

23 October 2014 1. from 44ab audit point and also
2.fr transfer pricing

Nikhil Kaushik

Nikhil Kaushik (Expert)
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23 October 2014 covered under both.......

Querist : Anonymous

Querist : Anonymous (Querist)

24 October 2014 can guide with section

Querist : Anonymous

Querist : Anonymous (Querist)

28 October 2014 will you confirm the % whether this is 20% or 25%?

Aashok Kumar Sharma online

Aashok Kumar Sharma online

(Expert)
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21 July 2025 Thresholds and Confirmation
The 26% threshold is generally for transfer pricing applicability.
For audit related party transaction disclosure, 20% interest is sufficient to consider related parties.
You may want to confirm exact shareholding percentages and other relationships.

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