Transfer Pricing Audit

For international transaction, no limit is provided by the law. As per section 92 of the IT ACT, any income arising from international transaction shall be computed having regard to the arms lenght price.

Therefore, 3CEB Report i.e. transfer driving audit will be requiere to be filed in your case.

Regards,
Nihit Somani

Currently Transfer Pricing Audit are risk based selection, wherein ITD has set out certain risk parameter for eg : Guarantee commission, deemed IT etc. They parameter changes every year. This will entail small service provider to maintain robust TP Documentation.