Loan.. etc. to Associate Companies
This query is : Resolved
20 March 2010
Dear All
plz let me know that loan, adv. etc... given to associate (sister) companies, attract to s.370?
Is it compoulsory to do complces under sec.370?
If it is repld/ omitted plz give me ref. if any.
Thnks.....
plz let me know that loan, adv. etc... given to associate (sister) companies, attract to s.370?
Is it compoulsory to do complces under sec.370?
If it is repld/ omitted plz give me ref. if any.
Thnks.....
21 March 2010
Sec. 370 is not in existence any more. It is sec 372A. Loans to associate/sister companies attact 372A. However, it is a loan to wholly owned subsdiary, then it is exempt.
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
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Price inclusive or exclusive of GST while made entry in P& L Account
- Dep. as per companies act
- Tds on commission charges
- Minimum tax payable to file Updated return
- Applicability of GST on Salary Reimbursement Component
- Tax rate change regarding
- FAST-DS Scheme - Foreign Assets
- GST ISSUE OF INPUT AND OUTPUT GST
- New GST registration for new place of business.
- SALARY CAN BE CAPITALIZE
- GST Intimation due to Government took possession of Business Premises under PPE Act
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
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
Quick Links
ARTICLESHIP
21 September 2026
CA Article Assistant
KK & Company Chartered Accountant
Pune
CA Inter
View Details
ARTICLESHIP
04 September 2026
Accounts Executive
Hema Yashwanth & Associates
Chennai
B.Com
View Details
22 September 2026
Account Assistant
Chirag P Shah & Co. Chartered Accountant
Pune
B.Com
View Details
Featured
11 September 2026
Audit Executive
RBSM Corporate Advisors Private Limited
Pune
CA
View Details
CCI
Pro
CAclubindia
