Single format · FV08-D12-3

Thin capitalisation computation working, s.177

A single format from the Tax on Cross-border Borrowing, Withholding, Treaty Rates, Thin Capitalisation and Transfer Pricing pack. ITA 2025 s.177 (ex-s.94B).

Length
1 page
Blanks to fill
40
Files
Word and PDF
Law stated to
16 September 2026

What it covers

  1. 1Thin capitalisation computation working, s.177ITA 2025 s.177 (ex-s.94B)40 blanks

Read the opening

The first part of the format, as it downloads. Blanks are highlighted.

[Name of the firm] working paper · Assessee: [Assessee's name] · PAN: [Assessee's PAN] · Tax year: [20__-__]

Part A — Applicability

Test

Answer

Reference

Indian company, or PE of a foreign company in India?

[Yes]

s.177

Engaged in banking or insurance / IFSC finance company / notified NBFC?

[No]

Exclusion

Debt issued by non-resident AE (list)

[____]

s.162 AE tests

Third-party debt with AE implicit / explicit guarantee or matching deposit (list)

[____]

Deeming rule

Interest on the above, deductible as business income, exceeds Rs 1 crore?

[Yes / No — stop]

Threshold

8 more paragraphs and tables follow in the full format.

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