Re: pvt ltd.co. and partnership firm relation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 February 2016
Here is a small Query for which your expert advice is sought :
A small Pvt Ltd. (Annual Turnover Rs.45 Lacs) is buying googds from Himachal Pradesh.It sells all the goods in Kashmir thru Partnership firm there, in which all the directors are partners in the firm there.
What are points/formalities reqd under Company Law /Income-tax Act to set this in order.
Here is a small Query for which your expert advice is sought :
A small Pvt Ltd. (Annual Turnover Rs.45 Lacs) is buying googds from Himachal Pradesh.It sells all the goods in Kashmir thru Partnership firm there, in which all the directors are partners in the firm there.
What are points/formalities reqd under Company Law /Income-tax Act to set this in order.
CS Divesh Goyal
(Expert)
08 February 2016
If you are selling goods first to Partnership firm and that partnership firm selling in kashmir then check whether you are complying the section 188 i.e. you are selling to partnership firm on arm legnth basis or not.
If partnership firm is working as agent for you then no issue.
If partnership firm is working as agent for you then no issue.
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