Transfer pricing
This query is : Resolved
04 December 2014
my query is while considering the limit of Rs 5 crore for specified domestic transaction from related parties we take the amount of purchase debited to profit & loss account(ie on accrual basis ) or
the payment made to related party for the purchase of goods(ie on payment basis)
because it is given in the section that "expenditure on buying the goods"
thanks in advance !!!!
the payment made to related party for the purchase of goods(ie on payment basis)
because it is given in the section that "expenditure on buying the goods"
thanks in advance !!!!
04 December 2014
u need to take the actual amount of purchase and entered in books.
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