Section 301
This query is : Resolved
19 February 2009
Company A & B have a common director in between. Company A purchased Fixes Assets (Motor car) from Company B.
Whether it is covered under section 297 and whether needs to be diclosed in sec. 301 register of companies?
Whether it is covered under section 297 and whether needs to be diclosed in sec. 301 register of companies?
20 February 2009
Section 297 will attract when transaction is for purchase or sale of goods or obtaining or rendering services.
Since in your case you are telling that motor car. Motor car will not fall under the purview of section 297. Therefore the section is not attracted.
However you have enter these contract n register maintained as per section 301 because the transaction is between interested companies.
Since in your case you are telling that motor car. Motor car will not fall under the purview of section 297. Therefore the section is not attracted.
However you have enter these contract n register maintained as per section 301 because the transaction is between interested companies.
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
- Required to submit form 10IEA_fy 24-25
- Error whilst validation
- ERRROR IN ITR2 FILING
- Rebate u/sec. 87A manually
- ITR2 Not Validating Short Term Capital Loss as value less than zero
- GSTR ITC relationship
- Ewaybill Material value reg
- Which ITR application
- SFT Mismatch
- SALES MADE THROUGH E COMMERCE OPERATOR 9(5)
- Money lost in stock market related scam
- Allowability of itc on building materials etc for resorts
- HSN details in Table 12 for gstr1
- Profit transfer entry from one branch to head office branch
- RCM on affiliation fees paid to foreign educational institution
- E proceeding query u/s 143(2) for a.y. 24.25
- REQUEST FOR HELP IN TALLY THE BALANCE SHEET
- Non- payment of GST on supply of services- reg
- Accumulated surplus exceeding 15%
- Different GST Number MEESHO
Trending Online Classes
CAclubindia
