[aaykarbhavan] Query on Form 3CEB

A company had been incorporated in India in which 50 % equity shares have been subscribed by Indian Partner and rest 50 % have been subscribed by a German company.

During the year, an associate of the German Company supplied material to Indian Company and the Indian company sold these materials in India. This was a simply trading import and trading sale.

In my opinion the transaction is covered by Sec 92E of the income tax act and Form 3CEB has to be filed.

My query is which method should be reported in Form 3CEB while determining the arm length price.

CA M S Tapuriah  

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Posted by: madhu tapuriah <tapuriahmadhu@yahoo.co.in>

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