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....

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

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, Belgaum Futures and option trading-whether in individual shares or Nifty futures – was regarded as speculation business as per section 43(5) of the I...