Loan from Holding co -urgent
This query is : Open
28 November 2009
i m a sub contractor.. i have recieved contract sum of RS 1 crore and have paid service tax after taking abadement of 67% and from the same contract we have given subcontract of RS 50lacs to our sub contractor.. sub contractor is charging service tax @ 12.36 % to us so ther is a double taxation............ how can v get relief......
28 November 2009
Dear Experts,
Please advise whether a Private ltd holding co. can freely give loan to its pvt ltd. subsidiary co. if there are any restrictions, what are they
Regards
Please advise whether a Private ltd holding co. can freely give loan to its pvt ltd. subsidiary co. if there are any restrictions, what are they
Regards
28 November 2009
A private limited co can give loans without any limits to its subsidiary. Section 372A is not applicable.
Section 295 - loan to director will also not be applicable since the company giving loan is a private limited company.
Section 295 - loan to director will also not be applicable since the company giving loan is a private limited company.
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