Easy Office
Easy Office

Loan from Holding co -urgent


28 November 2009 i m a sub contractor.. i have recieved contract sum of RS 1 crore and have paid service tax after taking abadement of 67% and from the same contract we have given subcontract of RS 50lacs to our sub contractor.. sub contractor is charging service tax @ 12.36 % to us so ther is a double taxation............ how can v get relief......

28 November 2009 Dear Experts,

Please advise whether a Private ltd holding co. can freely give loan to its pvt ltd. subsidiary co. if there are any restrictions, what are they


Regards

28 November 2009 A private limited co can give loans without any limits to its subsidiary. Section 372A is not applicable.

Section 295 - loan to director will also not be applicable since the company giving loan is a private limited company.




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries