Transfer pricing applicable for professional service
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 January 2017
I am residing in Mumbai and I am doing online Technical/IT consultancy service for one US based client. They pays me approx 2-2.5K USD against monthly invoice raised by me. Somewhere I read about International taxation and Transfer pricing rule. Is this applicable to individual professional like me ? I want experts' opinions on this.
CA Suresh Jain
(Expert)
19 January 2017
Your transaction is not covered under section 92 of Income Tax Act.
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