Companies act provisions for advances received from trust

Sachin Bhoyar (Tax Consultant)     20 June 2019

Sachin Bhoyar
Tax Consultant 
 2 points

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Dear Experts, please guide me..One of the Trust has provided financial assistance to Private Ltd company in which one of the trustee is director. The company was formed to help for marketing of garments produced by weavers. Trust has already written off this amount in its account but company books has this liability till 31.03.2019

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