Does Share dealing betwwen related parties will be covered under section 92E when one of the related party
is member broker of Stock exchange through whom sale/purchase of shares is done by group companies??
Vineet Maheshwari (.) (24 Points)
03 September 2013Does Share dealing betwwen related parties will be covered under section 92E when one of the related party
is member broker of Stock exchange through whom sale/purchase of shares is done by group companies??
Neeti Mishra
(Job)
(28 Points)
Replied 03 September 2013
Yes, the transaction falls under the definition International Transaction as defined under Sec 92B by the Income Tax Act for the purpose of Sec 92E.
Aman
(Finance Professional)
(604 Points)
Replied 03 September 2013
As per sec 92A, here the relationship is of mutual interest...hence the companies are related parties...
waiting for other answers....
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