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Transfer pricing


paridhi (Article)     10 July 2013

paridhi
Article 
 33 points

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Dear All,

 

Bonus shares are issued to Non Resident Foreign Director by an Indian company.

Is this covered under the defination of International Transaction in transfer pricing?

 

Thanks in advance.

 

Regards,

Pari

Dipjyoti Majumdar (CA in service & CS. dipmaj@ rediffmail.com )     10 July 2013

Dipjyoti Majumdar
CA in service & CS. dipmaj@ rediffmail.com  
 200 likes  3414 points

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This does not fall within the purview of International TP. This will not be reported in Form 3CEB and the Documentation Report in Rule 10D. No need to ascertain the method of TP to find out Arm's Length Price.

Regards,

1 Like

paridhi (Article)     10 July 2013

paridhi
Article 
 33 points

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Thanks for the help Mam.

Further, what about production & licensing fees given to a AE...whether its covered as international transaction?

Dipjyoti Majumdar (CA in service & CS. dipmaj@ rediffmail.com )     10 July 2013

Dipjyoti Majumdar
CA in service & CS. dipmaj@ rediffmail.com  
 200 likes  3414 points

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Yes, definitely it is an International Transaction as per section 92B of the IT Act 1961.


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