yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 17 March 2021
185- 1 deals with internal loans from the section summary. Is abc called as the holding company? If so, 185(2)C&D is appropriate and if abc is treated as a Holding company then section 185(3) d is more appropriate. Can you please tell me the abc’c nature of business, how much stake does it hold in xyz lip?
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 17 March 2021
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 17 March 2021
185-1a is loan from other company to a director of company. 185(3)D is holding to subsidiary. Source: tax gur
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 17 March 2021
I think caclub is not an associate to the above source and it doesn’t allow me to post any links and write their name as well while submitting.
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)
CAclubindia
