Funds transfered between related parties Dear Sir, kindly advise us as to any tqx implications in folloeing transactions
1. we have a trustee company X and trust Y
2. trustee company is Pvt Ltd Co
3. we have received expense invoice from in the name of trust but payment made through trustee company bymkstakely
4. we have decided to trust will pay to trustee company same amount as trustee Co. has paid on behalf of trust.
Will it (funds transfered as per point no 4 above) legitimate as per taxation laws ?
Regards,
CAclubindia
