TaxTMI 
TaxTMI 
Transfer pricing
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....ransfer pricing<br> Query (Issue) Started By: - HARSHA JOSHI Dated:- 27-4-2009 Last Reply Date:- 29-4-2009 Income Tax<br>Got 1 Reply<br>Income Tax<br>an indian pvt ltd co. has three shareholders. two ....
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....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 Indian company. the said indian co. sells its' products....
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.... 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 provisions of S.92, re. TRANSFER PRICING is applicable....
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.... 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 which defines the meaning of associated enterprises is exhaustiv....
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....e 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 required to submited. If the finding is that two are not associated ....
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....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 within the purpose of section 92A.<br> Discussion Forum - Kno....
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....wledge Sharing ....