Somebody pls clarify
Company X has 49.5% Shareholding in Y Ltd & A foreign company holds 50% . Company X also holds 74% in Z ltd & foreign company has 26% . The directors of Z ltd are directors in Y Ltd . Y ltd has paid some consultancy fees to Z Ltd . whether this transcation to be reported in Form 3CD of Y ltd ???
AS PER MY OPINION
THE Y LTD CAN SHOW IT
AS ONLY UNREASONABLE AMOUNT OR EXCESSIVE AMOUNT ARE DISALLOWED AS PER SEC 40A (2)
Abic and Mani Chartered Accountants
Kottayam
B.Com
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Malhotra Rajesh & Associates
New Delhi
B.Com
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CCI
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