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Intrasoft Technologies

BSE: 533181|NSE: ISFT|ISIN: INE566K01011|SECTOR: Computers - Software Medium & Small
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Notes to Accounts Year End : Mar '16

1. Transfer Pricing

In accordance with international transfer pricing regulations of the IT Act, the Company is required to use certain specific methods in computing arm''s length prices of international transactions with associated enterprises and maintain adequate documentation in this respect. These regulations require that such information and documentation be to contemporaneous, including conducting a benchmarking study to determine whether any transactions with associated enterprises undertaken are on an arm''s length basis. The Company is in the process of updating its transfer pricing study for the financial year ended 31 March 2016. Management is of the opinion that the Company''s international transactions are at arm''s length. Consequently, no adjustments, if any, that may arise from this study are presently recorded in the financial statements.

2. Previous year''s amount have been regrouped/rearranged to confirm to the classification of the current year, wherever considered necessary.

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