Domestic Transfer Pricing

[krishna besta]

Dear All,

Please clarify Domestic Transfer pricing is applicable from which Financial Year and due date of fiilling of Incometax return of the DTP concers.

what are the consequences for DTP and if there is any circular or Notification please give the information.

Regards,

Krishna.B

AI Summary

Domestic transfer pricing: applicability queried; interaction with GAAR and expenditure disallowance provisions discussed.
Domestic transfer pricing compliance and its commencement date for applicability and return filing consequences are queried. Replies associate the issue with General Anti Avoidance Rules and with established expenditure disallowance provisions and a separate tax incentive provision, noting GAAR was said to take effect in a later assessment year while disallowance provisions have long been operative; the thread records unresolved uncertainty and a request for formal circulars or notifications.