Transfer prising
This query is : Resolved
26 April 2014
Dear All,
Please provide me basic understanding of International and Domestic Transfer Pricing plz its urgent...
27 April 2014
TOPIC IS VERY WIDE, BUT TO UNDERSTAND IT SIMPLY THAT TP PROVISIONS ARE APPLICABLE FOR ALL INTERNATIONAL TRANSACTIONS AND CERTAIN SPECIFIED DOMESTIC TRANSACTIONS. TP SIMPLY MEANS THAT THE PARTIES HAS DONE THE TRANSACTION AT ALP(ARM'S LENGTH PRICE), IN OTHER-WORDS TRANSACTION IS DONE AT FMV AND NO TAX EVASION PRACTICE IS DONE
Guest
Guest
(Expert)
27 April 2014
27.04.2014
Dear Pranav,
Please also read and follow the decision of the Income Tax Appellate Tribunal in the case of LI and Fung India Pvt. Ltd. v/s Commissioner of Income Tax regarding Section 92CA of the Income Tax Act, 1961 relating to Transfer Pricing - Reference to Transfer Pricing Officer given on Pages 34 to 38 titled "Legal Update - Legal Decisions" of the current The Chartered Accountant Journal (April, 2014).
In case of doubts thereafter, please let me know.
Regards,
Dear Pranav,
Please also read and follow the decision of the Income Tax Appellate Tribunal in the case of LI and Fung India Pvt. Ltd. v/s Commissioner of Income Tax regarding Section 92CA of the Income Tax Act, 1961 relating to Transfer Pricing - Reference to Transfer Pricing Officer given on Pages 34 to 38 titled "Legal Update - Legal Decisions" of the current The Chartered Accountant Journal (April, 2014).
In case of doubts thereafter, please let me know.
Regards,
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