Being account I am in dilemma as Auditor does not speak out.
We are having 18 cos on single floor [ no idea about geo tagging under MCA].. Particularly father owns Pvt Ltd Co and 3 sons are having respective LLP but father unit has leased plant to all.
They live in a 6 storied flat but treat residence as office cum residence [ actually untrue] and all construction and repair costs are borne by LLP.
Is it correct as pet Income Tax Act?
Kindly guide accountant how to deal with?
Eligible with proper documentation, lease rent and relevant accounts.
Sri Aurobindo Gnostic Centre of Education
New Delhi
CA
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Boutique Investment Bank & Transaction Advisory Firm
Gurgaon
CA
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SMJ global advisors pvt ltd
New Delhi
B.Com
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CAclubindia
