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.
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
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Taxation of crypto futures in India Fy 2026- 2027
- EPF ECR NEW RULES Sep 17th 2026
- Issuing of delivery challan by seller of goods
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
