Dtaa
This query is : Resolved
21 September 2011
a company of singapore sells goods to a proprietorship concern in india whose prop is also director that company.
Than will there be any clubbing of income in the hands of prop. by considering them as associate concerns????
assuming prop. is resident....
Than will there be any clubbing of income in the hands of prop. by considering them as associate concerns????
assuming prop. is resident....
21 September 2011
Yes it will be clubbed as it is nothing but an adjustment to avoid tax which do not hold good in the eyes of Income tax Department and amount will be clubbed.
21 September 2011
please tell me under which section or rule there will be clubbing and what amount of profit of singapore company will be clubbed as there is another local director(of singapore) holding 10% share???
CA MANOJ GUPTA
(Expert)
21 September 2011
what clubbing u are talking about
the Ao may invoke transfer pricing provisions
CA MANOJ GUPTA
JODHPUR
09828510543
the Ao may invoke transfer pricing provisions
CA MANOJ GUPTA
JODHPUR
09828510543
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
- Gst credit note by supplier
- Movement of goods by packers and movers - type of sale - Reg.
- GST on reimbursement of expenses
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Missed uploading GST Invoice
- Query on effect of registration of property
- Gratuity paid to legal heir above 20 lakh is taxable or not
- Wrong CMPo8 file
- Equity Share Sale and Purchase
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
