Related party transaction and export under LUT

AS 236 views 4 replies

Father and 2 sons own Pvt Ltd Co and sells exclusively to one LLP [ where those 2 sons are Partners], who in turn export. In absence of any 3 rd party sale, there is no independent price discovery. What AS plays its role here? Please guide.

Replies (4)
AS alone cannot give practical solution. Tax laws, case laws and layman thinking would help.

Domestic transfers pricing applicable if there are transactions between related parties above 20 crore

Sir.. Rs.20 cr each transaction specific or annual? Pl guide

Sir.. Rs.20 cr each transaction specific or annual? Pl guide

Annually 20 crores limit


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