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