Transfer pricing audit


18 April 2014 What is transfer pricicing audit.

18 April 2014 AS we have tax audit there is similar concept of transfer pricing audit which means all the section and rules for transfer pricing like sec 92-92D and other rules are followed or not?
if there is deviation whther int or penalty is paid or not ect.

21 June 2014 In FY 2012-2013 Purchases was Exceeding Rs 5 crore from my associate concerns and my company was covered under Transfer Pricing Audit.
But IN 2013-14 purchases from our associate concen is less than Rs.5 Crores. Should I Audit under Transfer pricing or not.


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