Sales to Lender

152 views
User Avatar

344 Points Posted on 14 October 2021
Can I do sale to lender Or Loan provider???
my query is in Proprietary firm we have taken a loan from our family member, instead of paying money through banking channels I sold my trading goods to them, can we do that??? plz advice
0 Reply Share Follow
On 14 October 2021 at 08:44 Report
Replies (2)
Quick Summary
This discussion explores whether a proprietary firm can sell trading goods directly to a family member who has provided a loan, as an alternative to traditional banking channels. The consensus is that this is permissible. The advice given is to raise an invoice for the goods and use this to adjust the outstanding loan amount.

User Avatar

CMA
13117 Points Posted on 14 October 2021

Yes, it can be done. Raise an invoice for the same and adjust the dues.

Reply
On 14 October 2021 at 09:10
User Avatar

Chartered Accountant
24588 Points Posted on 14 October 2021
Yes it can be done
Reply
On 14 October 2021 at 12:46

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Guidence requested for a Finance Professional with
  2. Expert Opinion Required – Form 140 Gross Amo
  3. WRONG TAX DEMAND - formal responses , rectificatio
  4. Foreign remittance
  5. Affordable Residential Flats in Gurgaon
  6. Manufacturing
  7. TAN REGISTRATION ON E-FILLING SITE
  8. Form 10-IEA – Continuing Old Regime
  9. Income tax act 2026
  10. Belated Return where Form 10IEA filed this year to

More recent discussions | Post

Related Topics :

Loading