Applicability of Transfer Pricing

2399 views 4 replies

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
25 June 2026
Accounts & Taxation Executive

Dindukurthy & Associates

Hyderabad

MBA

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details
Company
19 June 2026
Accounts Executive

Getfive Advisors Pvt. Ltd.

Ahmedabad

CA Inter

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
Featured 15 June 2026
Senior Auditor

N. Dhawan & Co

New Delhi

CA Inter

View Details