Transcription of Accountant’s Report - SIRC
{{id}} {{{paragraph}}}
Example: air traffic controller
Accountant’s Report - SIRC
Accountant s Reportu/s. 92E of the Income Tax Act, 1961 CPE Study Circle Meeting at SIRC of ICAI12 November 2014 FinanceMinister sspeechontherationaleforintroducingTrans ferPricingRegulations Mr. Yashwant Sinha Finance Minister, Government of India February 28, 2001 Transfer Pricing Introduction in India TheFinanceAct, ,2001(fromAY2002-03).Rule10 Ato10 Ewithreferencethesesections92havebeennot ifiedsubsequently. TheprovisionsofChapterXasregardstransfer pricinghavebeenextendedbyFinanceAct,2012 tospecifieddomestictransaction(SDTs)with effectfromassessmentyear2013-14. CBDT hasissuedtheNotification#41dated10 June2013amendingtherelevantrulesandrevis ingtheAccountant (TP)coveringSpecifiedDomesticTransaction s(SDT). TheAmendedIncomeTaxRules,hasbeenbroughtw itheffectfromthe1stofApril2013-Primarily ,thewords InternationalTransaction hasbeensubstitutedwith InternationaltransactionoraSpecifiedDome sticTransaction Transfer Pricing ProvisionLegislative FrameworkSection 92 International and Specified Domestic TransactionArms length Price -Section 92 CSix Methods-Rule 10B and 10 CDocumentation-Section 92 DFurnishing of factual information-Rule 10 DAccountant s Report -Section 92 ETrue and Correct-Rule 10 EAccountant s Report Section 92 ESection92E Everyperson whohasenteredintoaninternationaltransact ionorSDTduringapreviousyear shallobtainareportfromanaccountantandfur nishsuchreport onorbeforethespeci
The Finance Act, 2001 introduced Transfer Pricing Regulation in India by substituting existing Section 92 of the Act and introducing new sections 92 to 92F w.e.f April, 2001 (from AY 2002-03).
Loading..
Tags:
Information
Domain:
Source:
Link to this page:
Please notify us if you found a problem with this document: