What is meant by ‘International Transaction’ with regard to Transfer Pricing?
An
international Transaction is defined as any transaction between two or more
associated companies situated in different countries in terms of a property
that is tangible or intangible, a service offered by the company, or any form
of lending of money, etc. It is compulsory that at least one of the
participants involved in the transaction is a non-resident of India. However, a
transaction that has been carried out by two non-resident Indians, where one of
them possesses a permanent setup in India and whose income is taxable from
India, such a type of transaction is also considered as ‘International
Transaction.’
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