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Transfer Pricing
Please confirm whether work contract services between two associates domestic closely held companies will be considered under transfer pricing.
Replies (3)
please elaborate the nature of transaction
There is MR P who is common director as well as shareholder in ABC Ltd and PQR LTD,
ABC Ltd doing construction work for PQR LTD, in this case provision for transfer pricing attracted?
ABC Ltd doing construction work for PQR LTD, in this case provision for transfer pricing attracted?
Check section 92A to determine whether the two companies can be classified as Associated enterprises. And then analyse section 92BA in order to understand the situations when TP provisions get attracted on a domestic transaction.
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