what are the key areas to checked in case of an audit of a subsidairy pvt ltd company whose holding company is a Foriegn company , and majority of its transactions are with the Holding Company and its other Subsidiries
gsiddarthjain (A.ASSISTANT) (37 Points)
20 August 2010what are the key areas to checked in case of an audit of a subsidairy pvt ltd company whose holding company is a Foriegn company , and majority of its transactions are with the Holding Company and its other Subsidiries
Aditya Maheshwari
(CA in Practice)
(35867 Points)
Replied 20 August 2010
More than tax audit check if it is a PE as per Section 92 and is transfer pricing applicable. SO main audit area would be the transfer pricing audit rather than normal tax audit.
CAclubindia
