Transfer pricing issues.

This query is : Resolved

Adolf Pacheco (Querist)
Follow

16 March 2009 Under Transfer pricing is there a provission where payent/remittance of foreign currency to sister concern is to be made within 6 months from the date of booking of Invoice for material supplied.
Please let me know the relevant section under Transfer Pricing if its applicable. If not please let me know the duration for such payments/ remittances.

Thanking you in advance.

With warm Regards,

Adolf Pacheco.

Rajesh Kumar

Rajesh Kumar (Expert)
Follow

17 March 2009 There is no such provision in transfer pricing provisions of Income Tax Act. However, when you export any goods to any person outside India (may or may not be an associated enterprise), under Foreign Exchange Management Act RBI guidelines, you should receive remittance within 6 months. Similar provision may be there for export of your associated enterprise in their domestic laws, if they export material to you.

Adolf Pacheco

Adolf Pacheco (Querist)
Follow

17 March 2009 Thank you verry much for the prompt reply and it has solved my query.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

manojkumarkk

rajkumar yadav

C G K MURTHY

CA.Gopal Rathi

MAHESHA RAMANNA

Subscribe Now

Transfer pricing issues.

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Accountant

CA Final

GST CONSULTANCY

Manager- Finance and Compliance

Article Assistant

GST CONSULTANT