Q. Applicability of 92E and filing of Form 3CEB - An Resident Indian is a director in WLL Qatar. He is getting salary as director from that company of Rs. 10 lacs INR.

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Question added Jul 26, 2022 Transfer Pricing By VIKAS GUPTA, CA, LUDHIANA
Applicability of 92E and filing of Form 3CEB - An Resident Indian is a director in WLL Qatar. He is getting salary as director from that company of Rs. 10 lacs INR. He is giving tax as salary on this amount in india and having only Interest income other than this of say Rs. 10000 only. . He is not having any proprietorship or partnership firm in India. Wheterh he need to file form 3CEB and what will be his due date of filing ITR.

Further 3CB-3CD not applicable to him.

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answered Jul 27, 2022 By CA PRAMOD JAIN, CA, CS, CMA, LL.B, Delhi
Transfer pricing regulations or not applicable in salary transactions. Further it is applicable only when the transaction is amongst associate Enterprises. A director is not an enterprise.

Concept by CA Pramod Jain

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