Transfer Pricing 3CEB Reg
This query is : Resolved
16 November 2022
Sir
I wish to clarify the following
i.e. VFX India Pvt Ltd having regd office at Mumbai opened a Company in the name of VFX Canada Ltd with 3 Share Holders Including VFX India Pvt Ltd holding 95% of Shares .
1.Now whether VFX India can transfer the Capital Amount without deducting TDS under Overseas Direct Investment route to VFX Canada Ltd?
2.Can VFX Canada Ltd receive the Proceeds of bill raised by VFX India Pvt Ltd against the service rendered by VFX India Pvt Ltd to it's Canada Clients?
3.Whether the above is yes & should it be reported in 3CEB?
4.VFX Canada Ltd can convert the proceeds of sales bill( received from Canada clients) raised by VFX India Pvt Ltd as shares of VFX India Pvt Ltd in VFX Canada Ltd's books of A/c ?
I wish to clarify the following
i.e. VFX India Pvt Ltd having regd office at Mumbai opened a Company in the name of VFX Canada Ltd with 3 Share Holders Including VFX India Pvt Ltd holding 95% of Shares .
1.Now whether VFX India can transfer the Capital Amount without deducting TDS under Overseas Direct Investment route to VFX Canada Ltd?
2.Can VFX Canada Ltd receive the Proceeds of bill raised by VFX India Pvt Ltd against the service rendered by VFX India Pvt Ltd to it's Canada Clients?
3.Whether the above is yes & should it be reported in 3CEB?
4.VFX Canada Ltd can convert the proceeds of sales bill( received from Canada clients) raised by VFX India Pvt Ltd as shares of VFX India Pvt Ltd in VFX Canada Ltd's books of A/c ?
17 November 2022
1 Yes.
2 yes report to RBI.
3 No need.
4 Report to RBI.
2 yes report to RBI.
3 No need.
4 Report to RBI.
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26 November 2022
Thanks for your reply
26 November 2022
You are welcome....
.
.
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