https://www.taxtmi.com/article/detailed?id=6153 Companies maintaining cost records must record related party dealings in Form CRA 1 and preserve records of contracts and understandings covering purchases, sales, services, plant utilization, technical know how, utilities, consultancy, capital goods and other production related payments, stating the basis for rates charged. Form CRA 3 cost audit reports must annex a schedule listing each related party transaction with transfer price, amount, the normal price and the basis adopted to determine normal price, using methods such as comparative uncontrolled price, resale price, cost plus, profit split or transactional net margin. en-us Sat, 14 Mar 2015 06:57:38 +0530 Sat, 14 Mar 2015 06:57:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6153 Companies maintaining cost records must record related party dealings in Form CRA 1 and preserve records of contracts and understandings covering purchases, sales, services, plant utilization, technical know how, utilities, consultancy, capital goods and other production related payments, stating the basis for rates charged. Form CRA 3 cost audit reports must annex a schedule listing each related party transaction with transfer price, amount, the normal price and the basis adopted to determine normal price, using methods such as comparative uncontrolled price, resale price, cost plus, profit split or transactional net margin. Articles Corporate Laws / IBC / SEBI Sat, 14 Mar 2015 06:57:38 +0530 https://www.taxtmi.com/article/detailed?id=6153