Pvt ltd co
This query is : Resolved
04 March 2012
I have PVT LTD Co who is importing goods and selling all the goods to local dealer XYZ is a partnership firm and one of partner is also a director in the same PVT LTD Co, I want to know will be there be any problem from Income Tax Department.
Thanks
Thanks
04 March 2012
Dear Mr. Mohd Sarfarz
Your case is covered under the Companies Act 1956 (Transaction in which director is related) & accounting (Transaction with related party).
As far as Income tax i dont think that there is any problem in it.
Others expert opinion sought in the matter to provide more information on it.
Regards
Your case is covered under the Companies Act 1956 (Transaction in which director is related) & accounting (Transaction with related party).
As far as Income tax i dont think that there is any problem in it.
Others expert opinion sought in the matter to provide more information on it.
Regards
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