Financial accounting
This query is : Resolved
09 November 2013
In South Mumbai Chemical Market, a traditional method of finance known as "hundi finance" is prevailing. In this method any amount of money is available to people of the market. the terms are for every Rs 100000 borrowed interest of Rs 13000 is deducted upfront. the amount of Rs 100000 is to be repaid in 10 equal monthly installments, starting from the end of the first month. There is an opportunity available to invest money into Sesame trade where you have to buy in cash at Rs 98 and sell on 30 days credit for Rs 100. You can trade in any amount you want. The business is very secure and money will come on due date. The question is should one borrow from Hundi finance and invest in Sesame Trade? Is it advisable to borrow Rs 2 crore and do the deal?
09 November 2013
Someone please HELP !!!
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
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- Sales return eway bill
- TAN for Partnership
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- STCG FOR GOLD ETFs
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- Tax liability on income of freelancer
- GST ON DAMAGED GOODS
- Loan by Partnership Firm
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
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
