iNCOME tAX VIS A VIS COMPANIES ACT
This query is : Resolved
22 September 2007
A EXITING P LTD CO MAKE A SUBSI P LTD AND GIVES THE LOAN TO SUB ON INTEREST THE SUBSI CO BUYS A PLOT AND LATTER SOLD . HOW THE INTT IN THE HANDS OF HOLDING CO BE TREATED AS REVENUE OR CAPITAL. if the holding co also borrow from banks on interest whether the interest paid to the bank by holding co is to be capitalised since the loan is transfered to the subsidiary co. the subsidiary co purchased plot from this amt. or to be trated as revenue since the holding co is also receiving the intt from the subsi. Any precautions in respect to ITAX & Cos Act And discloser requirements
24 September 2007
U please clarify me what is the nature of Holding and subsidiary companies business. Why i am asking the treatment of interest is differing from the cos engaging real estate business and other business activities.Whether both are Indian companies ?
26 September 2007
The holding co is engaged in other activities other than real estate. But the subsi is engaged in real estate co. Both cos are indian cos.
26 September 2007
1
09 November 2007
Kindly explain how
06 November 2008
There should be different treatment for both.
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
- Refund Annexure-B
- Sale of Equity shares for Purchase of Residential Property
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- Liable to deduct tds and 44ADA
- Non issue of e way bill
- Is Interest applicable for payment made through credit ledger vide DRC03 for FY 2020-21 & 2021-22
- Subscription paid to foreign customer
- Two seprate Invoice needed
- Gstr7 vs Gstr3b 2026
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS PROCEDURE ON SALE OF IMMOVABLE PROPERTY BY NRI
- Refund of 20%pre-deposit paid for stay application
- ASISSE return under the provisions of the Collection of Statistics Act, 2008 (7 of 2009)
- 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
- Tax amount diff in Gstr1 and 3B in tax compare reports
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
