Indirect Payment

X  purchase goods from y and sells those goods to Z worth Rs. 50,00,000 . Z instead of payment to X pays directly to Y.

Will there be any implication on the part of X,Y,Z

Please Reply immeditely.. its a bit urgent

Replies (2)

Mr.Ketan

Your question is not clear -  In which aspect - income-tax, accounting or any other aspect.

Best Wishes

Sathikonda

I was talking about the income tax aspect in the above query

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