Applicability of provisions of domestic transfer pricing

Hi,

Yes the porvisions of Domestic transfer pricing will be applicable as this is a business transaction between related parties and the value exceeds the specified limit of Rs 20 crores.

Hey thanks, but i have a doubt that when in the next year when billing will be done,  and when we capitalise these advances or expense out the same, should i be required to get 3ceb report again, will the provisions again apply in that year?

Regarding domestic transfer pricing, the value of transactions have to be looked on every year. So it will not be applicable in the year you capitalise those expenses.