Question
Which of the following correctly describes Transfer
Pricing?Solution
Transfer pricing relates to the price, non-arm’s length companies located in different jurisdictions, charge each other for goods and services. In a global economy dominated by transnational corporations, global transfer pricing is becoming increasingly important for multinationals. Global transfer pricing helps corporations develop transfer pricing policies that maximise the potential for increasing the company’s after-tax income, while minimising the likelihood that it will be subject to tax adjustments and penalties.
Consider the following statements about Indian economy:
1. Share of Corporation tax is more than the share of Income Tax in Direct tax collecte...
A man deposited 25% of his salary to a bank which offers compound interest at the rate of 10% p.a. If the interest earned by him from the bank after 2 y...
UNESCO has been observing February 21 as the International Mother Language Day since 2000. The idea to celebrate the International Mother Language Day w...
On dividing a³ + b³ + c³ – 3abc by a + b + c, the quotient obtained is
Boulwarism is a:
Consider the following statements:
1.Tamil Nadu has launched the Nilgiri Tahr project
2.Nilgiri Tahr is the state animal of Kerala
...
Venkat bought a second-hand scooter and spent 10% of the cost on its repairs. He sold the scooter for a profit of ₹2,200. How much did he spend on rep...
The sum of three numbers is 254. If the ratio of the first to the second is 4:5 and that of second to the third is 8:11 then the second number is?Â
Four letter-clusters have been given out of which three are alike in some manner and one is different. Select the one that is different.
According to a certain code
* means 'greater than'
+ means 'less than'
÷ means 'equal to'
% means 'plus'
...
