Student
154 Points
Joined March 2008
Totally agree with ankita....
We should have knowledge of every aspect of our profession and this is something very common....so if u know the process kindly share with us....thers nothing wrong in discussing such things....
As far i know, company issues the bill to increase their sales figure, mostly to get bank loan....but the thing is they have to pay a tax for such increased sale....there must be something in between that will compensate the payment of tax for them....becuase i dont think the company will pay tax of Lakhs just to get the loans....as far goodwill is concerned you wont pay a 30.9% tax just for goodwill......
and the most important thing....how do C.A's benefit from such transactions......because they are the one who give practical shape to such transactions...isnt it????
Saiyum Ji....need you help.....!!