09 July 2014
Whether Companies having Common director are covered under this provisions? Two companies are having Common Director.(i.e.A Ltd and B PVT Ltd.)Now Company A purchases goods from company B .This transaction is exceeding Rs. 5 Crores. So,in this case whether section 40(a)(2)(b) is applicable (including reporting requirements in 3 CD) And also Suggest me about applicability of Domestic Transfer Pricing. Please Resolve my Query And provide me reference of another provisions (with sub section) if applicable.
CAclubindia
