Specified domestic transaction under transfer pricing
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 September 2013
We have four specified domestic transaction with four parties(associated enterprise), two of which are exceeding 5 crores.Do I need to mention the details of the other two parties as the aggregate of all the transaction exceeds 5 crores or just of those whose transactions exceeds the threshold limit of 5crores. Please reply. Its urgent.
22 September 2013
If i am not wrong, you dont have to look at the individual transaction amount. The relevant figure is the total of such transactions.
Therefore, once the total exceeds Rs 5 Cr, all the transactions need to be reported.
Therefore, once the total exceeds Rs 5 Cr, all the transactions need to be reported.
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