TMI BlogInternational TaxationX X X X Extracts X X X X X X X X Extracts X X X X ..... Sec 92 92A 92F etc. An Individual holds 95% of the share capital of a company in the UK. He has given an interest free loan to it without interest. Whether Transfer pricing adjustment on accou ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nt of interest will be made to the income of the individual. The loan has been given out of the savings of the individual without borrowing any sum from the market.? Whether the Individual who is not ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... engaged in any other business in India except as a MD of a company wherein also he holds 95% of the equity, be treated as enterprise so as to be covered in the definition of Associated Enterprises. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . The sources of his income are: Salary as MD, Income from House Property, Dividend etc. (No business Income) - Reply By DR.MARIAPPAN GOVINDARAJAN - The Reply = In my view transfer pricing adjustm ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ent will be applicable. - Reply By kollengode venkitaraman - The Reply = AS THERE IS NO INCOME FROM BUSINESS/PROFESSION' TRANSFER PRICING RULES ARE NOT APPLICABLE - International Taxation - Qu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ery Started By: - CA.LALIT MUNOYAT Dated:- 21-11-2018 Income Tax - Got 2 Replies - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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