banner_ad

Loan from Holding co -urgent

This query is : Open 
Profile Image

Profile Image

(Querist)
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......
Profile Image

Profile Image

(Querist)
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
Profile Image

Rasesh

Profile Image

Rasesh (Expert)
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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
12 May 2026
Accounts Executive

Nafa Group

Mumbai

B.Com

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
08 May 2026
Paid Assistants

Quick Taxperts Private Limited

Bengaluru

Graduate (Any)

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details