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Transaction with related co.

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Querist : Anonymous

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Querist : Anonymous (Querist)
21 April 2012 CAN A COMPANY GIVE LOAN TO RELATED CO. 4% HIGHER THAN THE LOAN GIVEN BY BANK TO IT

e.g. x co. take loan from bank @ 16% and same loan x co. give to its related co. @ 21%.

can it viable. the related co. is listed with NSE. and required CARO report.

plz give guidance.
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CA Ankit Gulgulia (Jain)

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CA Ankit Gulgulia (Jain) (Expert)
21 April 2012 The AO Will Disallow additional Interest u/s 14A on the grounds of Commercial Expidiency.
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