Whether transfer pricing provisions are applicable when no income is chargeable to tax
SHAH, DHINAL ASHVINBHAI
Whether transfer pricing provisions are applicable when no income is chargeable to tax - 2013 - 113-116
With introduction of various amendments in finance bill 2012, the ambit of transfer pricing (TP) provisions has been widened by expnding the definition of international transaction, defining intangible property, including business transaction i.e.restructuring or organisation with an associated enterprise, irrespective of the fact that it has bering on the profit, income, lossess or assets of such enterprise, etc. further, the repercussions of non compliance of TP provisions have been made onerous in the form of increased penal consequences.
TAXATION
336.2
Whether transfer pricing provisions are applicable when no income is chargeable to tax - 2013 - 113-116
With introduction of various amendments in finance bill 2012, the ambit of transfer pricing (TP) provisions has been widened by expnding the definition of international transaction, defining intangible property, including business transaction i.e.restructuring or organisation with an associated enterprise, irrespective of the fact that it has bering on the profit, income, lossess or assets of such enterprise, etc. further, the repercussions of non compliance of TP provisions have been made onerous in the form of increased penal consequences.
TAXATION
336.2