Does sec269SS/T applicable in case of Holding and Subsidiary company?i.e If a company "X" holds 98% shares in another company "Y" ,(Here in after referred as Subsidiary company),Then Can "Y" accept a fresh loan of rs 2000000(2Lakhs)in CASH from company "X" ?Plead an early reply! Thanks in advance
Menu
269ss/t
Replies (1)
In my view, sections 269SS/T are applicable in case of Holding and Subsidiary companies.
Recent Topics :
- GSTR 9 LATE FEE
- Best Online Mock Test Series for CA Inter January
- COST OF IMPROVEMENT
- Pillows and Mattresses
- GST Applicability for Reg. / Un-Reg. Indian custom
- Amended GST Act & Rules
- FAST DS 2026 MAIL QUERY
- Does Anyone need CA Foundation books of May2026 at
- Last day for ITR-U for AY 2023-2024 (FY 2022-2023)
- Sale of shares in indian company by a non resident
Related Topics :
CAclubindia
