TMI BlogTransfer pricingX X X X Extracts X X X X X X X X Extracts X X X X ..... an indian pvt ltd co. has three shareholders. two indian residents one non-resident company incorporated in Dubai.one of the promoter director of the said non-resident co. is a director in our India ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n company. the said indian co. sells its' products to a proprietory concern of the said non resident director, who in turn sells the material to various customers in Dubai.now my query is whether prov ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... isions of S.92 , re. TRANSFER PRICING is applicable in this situation? is it reqd to submit TP report? - Reply By Ravi Chopra - The Reply = The scope of section 92A of Income Tax Act, 1961 whic ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... h defines the meaning of associated enterprises is exhaustive one. Once it is falling within the purview of section 92A , yes, the transactions in the query would be liable to TP and report is requir ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed to submited. If the finding is that two are not associated enterprises, no TP is applicable. I think, merely on the basis of limited facts in the query, it is not easy to determine the relationship ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... within the purpose of section 92A . - Transfer pricing - Query Started By: - HARSHA JOSHI Dated:- 27-4-2009 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply pos ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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