Domestic transfer pricing
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 April 2013
SALE OF LAND BY A PVT. LTD TO THE DIRECTORS. WHETHER TP IS APPLICABLE AND TO WHOM.
THE DIRECTORS ARE TREATING LAND AS CAPITAL ASSET.
THE DIRECTORS ARE TREATING LAND AS CAPITAL ASSET.
11 April 2013
dear as per sec. 92BA specified domestic transinction includes transiction covered u/s 40A or transactions mentioned u/s 80-IA
both the above mentioned sections deals with only business transictions covered in Profit & loss account.
in your case sec 50C on part of Company and sec 56(2)(vii) on part of director will apply..
both the above mentioned sections deals with only business transictions covered in Profit & loss account.
in your case sec 50C on part of Company and sec 56(2)(vii) on part of director will apply..
10 November 2013
Since company is not paying any money to directors hence domestic TP shall not apply.
Anuj
femaquery@gmail.com
Anuj
femaquery@gmail.com
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Is online PGCE worth it?
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
