term loan
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 August 2010
my organisation is taking new term loan for purchasing machinery for new project (to increase the production capacity) and we are purchasing around about 50 lakhs machinery from my sister concern (new one)
for that we have taken quotation from our sister concern.
my question is that.. can bank will accept such transaction & will sanction the term loan?
or any other procedure to be applied
kindly guide me.
for that we have taken quotation from our sister concern.
my question is that.. can bank will accept such transaction & will sanction the term loan?
or any other procedure to be applied
kindly guide me.
26 August 2010
If the same is as per normal market rates then i dont think there would be any problem.
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
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
