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
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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.