01 September 2007
Sir, One of our client has an export T.O. of Rs 1.5 Crores and local T.O. of Rs 1.5 Crore. The export sale are not made to any associated enterprises, the debtor is no way connected to our company. In such a scenario whether the provision of audit report and maintenance of books of accounts under the transfer pricing provisions will be applicable or not. Please give your valuable opinion on the same. Kind Regards Uday Bathia.
02 September 2007
Since there have no international transactions with associated enterprises, the provisions for transfer pricing and its audit are not applicable
CAclubindia
