Wednesday, April 29, 2015

[aaykarbhavan] Guarantee commission charged from AE was at ALP as same amount of commission was paid to bank for obtaining guarantee



Guarantee commission charged from AE was at ALP as same amount of commission was paid to bank for obtaining guarantee

April 29, 2015[2015] 56 taxmann.com 361 (Mumbai - Trib.)
IT/ILT: Where assessee paid guarantee commission at rate of 0.5 per cent to bank for obtaining guarantee, arm's length guarantee commission charged by assessee in respect of all three transactions of guarantee to its AEs would be taken at 0.5 per cent
IT/ILT: Arm's length interest rate in respect of loan provided by assessee to its AE should be LIBOR+2 per cent
 
Regards
Prarthana Jalan


__._,_.___
Posted by: Prarthana Jalan <prarthanajalan@ymail.com>


receive alert on mobile, subscribe to SMS Channel named "aaykarbhavan"
[COST FREE]
SEND "on aaykarbhavan" TO 9870807070 FROM YOUR MOBILE.

To receive the mails from this group send message to aaykarbhavan-subscribe@yahoogroups.com




__,_._,___
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)