Taxation of company
This query is : Resolved
25 November 2013
A Company have granted loan of Rs.1 crores to its subsidiary Company at an interest of 10% p.a. Will the Interest be taxable?
A Company have granted loan of Rs.1 crores to its subsidiary Company at an interest of 10% p.a. Will the Interest be taxable?
25 November 2013
yes. it shall be taxable in the hands of the parent company and shall be available as deduction in the subsidiaries tax return. Please check domestic transfer pricing regulation for arm's length pricing.
25 November 2013
Yes, should be at arm's length price
26 November 2013
Yes agreed with above ans.
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