QUERIES on IT and FEMA

QUERY:From A.Y. 13-14, Transfer Pricing is also applicable on domestic transaction.
Therefore, I want to know the exact rules & regulation of Transfer Pricing applicability in domestic transaction and what documents & which type of report to be prepared.

 

REPLY: With regard to reporting of TDS transactions, you can refer the revised guidance note issued by ICAI in August 2013. The copy of the same has been attached herewith.

 

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