Tax Query in transfer pricing

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Sale purchase transaction between the a partnership firm and a company, in which partner/ director are common and transaction value is more than 20 crore in a year, whether provision of domestic Transfer pricing is applicable under income tax act? None of them is cliaming any deduction under chapter VI-A and nor situated in exempted Zone.
Replies (2)
Not applicable. But just check whether company is not claiming any deductions under section 115BAB. You can contact us on cabhandaritaxservices @ gmail.com for any clarification on transfer pricing matters.

Sure..Thanks alot....


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