Loan.. etc. to Associate Companies
This query is : Resolved
CS Sandip Rahane
(Querist)
20 March 2010
Dear All
plz let me know that loan, adv. etc... given to associate (sister) companies, attract to s.370?
Is it compoulsory to do complces under sec.370?
If it is repld/ omitted plz give me ref. if any.
Thnks.....
plz let me know that loan, adv. etc... given to associate (sister) companies, attract to s.370?
Is it compoulsory to do complces under sec.370?
If it is repld/ omitted plz give me ref. if any.
Thnks.....
21 March 2010
Sec. 370 is not in existence any more. It is sec 372A. Loans to associate/sister companies attact 372A. However, it is a loan to wholly owned subsdiary, then it is exempt.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Amount transferred in HUF Account
- Nursery business
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Working on Gold wastage during Melting of old gold jewellery
- TDS on Dashcam rent and allied services
- Intimation under section 245
- Gift to nri relatives residing in usa
- GST input credit on commercial property
- Section 269ST applicability for capital introduced by partner to his partnership firm
- GSTR-9C filing
- Royalty payments to the Mining Department for procurement of murum - GST input
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Import Order Cancelled.
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
