Transfer pricing (alp) applicable to domestic company

Sundram N (Querist) 13 June 2013 This query is : Resolved

Dear Senior,

Kindly advice that, from what financial year, transfer pricing compliances is to be applicable under the income tax act.

As i studied the Law of practice of taxation by Mr. Singhania in which written that, the transfer pricing u/s92BA is applicable from assessment year 2013-14 it means finacial year 2012-13
But i studied the act in which i found that section 92BA is applicable from w.e.f 1-04-2013 it is apparent that, fiancial year 2013-14.

kindly clarify from year that transfer pricing is to be applied on domestic company.

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Anirudh (Expert) 13 June 2013
It is applicable for financial year 2012-13 and not from financial year 2013-14.

Rajendra K Goyal (Expert) 13 June 2013
Applicable from FY 2012-13 (AY 2013-14)

R.V.RAO (Expert) 28 January 2014
Domestic transfer pricing provisions are applicable from Assessment Year 2013-14 onwards. (source:www.transferpricing-india.com)
asst .year '13-'14 starts from 01-04'13.
so,what you read and said and others said are the same.

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