TMI BlogInternational TaxationX X X X Extracts X X X X X X X X Extracts X X X X ..... International Taxation X X X X Extracts X X X X X X X X Extracts X X X X ..... lds 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 account of interest will be made to the income of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 engaged in any other business in India excep ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t 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. . The sources of his income ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 adjustment will be applicable. Reply By ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... kollengode venkitaraman:
The Reply:
AS THERE IS NO INCOME FROM"BUSINESS/PROFESSION' TRANSFER PRICING RULES ARE NOT APPLICABLE X X X X Extracts X X X X X X X X Extracts X X X X
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