https://www.taxtmi.com/manuals?id=2769 Transactions with persons in a notified jurisdictional area are deemed related party international transactions for transfer pricing: parties are treated as associated enterprises and a wide range of dealings including property transfers, services and financing fall within the deeming provision. Payments to financial institutions in such jurisdictions require an authorisation in Form No.10FC and evidence of deposit to the institution and the assessing officer. Assessees must maintain enhanced documentation-ownership structure, group profile, business description and other relevant information-and face disallowance of deductions or deeming of receipts as income if explanations about source or beneficial ownership are unsatisfactory. en-us Mon, 29 May 2023 10:18:00 +0530 Tue, 22 Oct 2024 14:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=2769 Transactions with persons in a notified jurisdictional area are deemed related party international transactions for transfer pricing: parties are treated as associated enterprises and a wide range of dealings including property transfers, services and financing fall within the deeming provision. Payments to financial institutions in such jurisdictions require an authorisation in Form No.10FC and evidence of deposit to the institution and the assessing officer. Assessees must maintain enhanced documentation-ownership structure, group profile, business description and other relevant information-and face disallowance of deductions or deeming of receipts as income if explanations about source or beneficial ownership are unsatisfactory. Manuals Income Tax Mon, 29 May 2023 10:18:00 +0530 https://www.taxtmi.com/manuals?id=2769