Transfer Pricing

This query is : Resolved

Amit Deokule (Querist)
Follow

12 March 2009 Dear All,

URGENT!!! Please explain all questions in one statement possibly. Tell me practical aspect.

I have a query on Transfer Pricing-

If transfer pricing is to be applied for Pvt. Ltd. Software company-

What sort of possibilities are being taken into consideration?

Is a separate CA being appointed in this regard?

If turnover goes beyond 5 crores then is it applicable as oer I-T act, 1961?

As a matter of billability clause of Software projects, if we are keeping all agreements intact, then is it the only requirement or is it mandatory for Softex for STPI and as per I-T act to file the details?

How do we apply practically the one aspect out of seven in any company?

Regards,

Amit Deokule

Rajesh Kumar

Rajesh Kumar (Expert)
Follow

17 March 2009 It is applicable to all companies, who is doing international transaction with some associated enterprise.
If however, the Indian company is exmept from paying Income Taxes, transfer pricing provisions is of no use.
The companies engaged in international transaction with associated enterprises are required to maintain certain documents (Section 92D) and required to give a certificate that the pricing is based on arm lenth transaction principles.

Amit Deokule

Amit Deokule (Querist)
Follow

17 March 2009 Thanks All for resolving my query

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

CA. Urmila Mahalwal

Dalbir Singh Wadhera

Rajesh

RAGHUNATH KASIBHOTLA

SARAVANAN PALANISAMY

Subscribe Now

Transfer Pricing

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANCY

Article Assistant

CA Final

Accountant

GST CONSULTANT