Can notional interest be taxed under transfer pricing law ?

Yes, under transfer pricing mechanism , there is scope of notional interest taxation.  This is held by Delhi bench F in Perot Systems TSI ( India) Ltd. vs. DCIT, ITA No. 2320 to 2322/Del/08, Delhi Bench ‘F’ order dated 30.10.2009. Facts of the case The aseessee, an India company, advanced interest free loans to its 100% foreign subsidiaries….

This content is for Monthly, annual and Semi Annual members only. Please login or Subscribe here. to view this content.

Can You Deduct STT As Expense From Share Sale Income ?

The income from share transaction can occur in following forms 1. Share trading 2. Speculative trade 3. F & O transactions 4. Capital Gains Allowance of STT for First three types (1, 2 & 3) From Assessment Year Asst Year 2009-10 (FY 2008-09 ) , Securities Transaction Tax (STT) is defined as an expense u/s

This content is for Monthly, annual and Semi Annual members only. Please login or Subscribe here. to view this content.

Why Is F & O Transaction Business Activity From 25/1/2006 And Not From 1/4/2005?

Whether Trading in Nifty Futures, amount to trading in derivates and as a result not a speculative transaction as per the amendment to sec 43(5) by Fiance act 2005. RAMESH V RAICHUR, BelgaumFutures and option trading-whether in individual shares or Nifty futures – was regarded as speculation business as per section 43(5) of the I T…

This content is for Monthly, annual and Semi Annual members only. Please login or Subscribe here. to view this content.