Applicability of Transfer Pricing

When Transfer Pricing Law is applicable in a pvt ltd company engaged in Export Transaction..

Replies (4)

TP provisions are applicable only if :

 

  1. There is an associated enterprise as defined in section 92A e.g. foreign holding or subsy co. or group co., foreign associates, etc. AE has to be a NR, else TP provisions are N.A.
  2. you enter into any International transaction as defined in section 92B which may be purchase or sale of movable or immovable properties, rendering of services, payment of royalty, taking or giving loans, sharing common expenses, or any other transaction with the AE.

 

 

Further, in case the TP provisions are applicable, you need to maintain the records prescribed under rule 10D and a record of each and every international transaction like invoices, loan agreements. Also submit a report of CA in Form 3CEB upto 30sep.

 

In case your case is referred by the AO to TPO, you also need to submit a detailed analysis of Arms length pricing, how it was arrived, profile of comaparable companies, assumptions made, etc. You may engage the services of a CA for this purpose.

Diff. in Transfer pricing regarding Direct Tax code with Income Tax Law??????????????

Direct Tax Code has been blocked and will not come into force.

So, we are supposed to go by the meaning & interpretation provided by Income Tax Act.

I agree with the answer posted by Mr. Navneet Gupta.

 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
04 September 2026
CA inter Or ca finalist

A Jaiswal and company

Lucknow

CA Final

View Details
Company
11 August 2026
Chartered Accountant

Aviv Global Pvt Ltd

Ahmedabad

CA

View Details
Company
ARTICLESHIP 01 September 2026
Articles

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Foundation

View Details
Company
13 August 2026
Chartered Accountant (FP&A)

Client of Trellis Consulting

Gurgaon

CA

View Details
Company
17 August 2026
Chartered Accountant with US GAAP Experience

Austin Med Solutions Pvt Ltd

Bengaluru

CA

View Details
Company
ARTICLESHIP 26 August 2026
CA Article Assistant/CA Drop Out/Accounts Executive

PARV & Co.

New Delhi

CA Inter

View Details
Company
Featured 19 August 2026
Chartered Accountant

apricus india

Pune

CA

View Details
Company
19 August 2026
PAID ARTCILE ASSISTANT

My Legal Tax Consultants Pvt. Ltd.

Noida

CA Inter

View Details