Transaction with related co.
This query is : Resolved
Querist : Anonymous
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.
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.
21 April 2012
The AO Will Disallow additional Interest u/s 14A on the grounds of Commercial Expidiency.
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