Loan or gift from NRI for business?



Loan or gift from NRI for business?..

Answer / muruasm

Hi, Recently i have started a company. My father in law
(NRI) is willing to provide some financial assistance for
the company, which one is the best way to receive the money,
in my name, wife's name or company name. it's like a gift
amount, what will be the tax treatment in this reg.. (he is
not willing to become a shareholder of the company)

Is This Answer Correct ?    1 Yes 0 No

Post New Answer

More Taxation Interview Questions

IF BILL OF JOB WORK HAVING WITH VAT AMOUNT THEN WHICH AMOUNT IS LIABLE FOR TDS DEDUCTION THAT IS WHOLE INVOICE AMOUNT OR EXCLUSIVE OF VAT AMOUNT

2 Answers   Komal Texfab,


applicability of vat and applicability of cst in karnataka

2 Answers  


what is the procedure for Delhi WCT payment , we have a registered office at mumbai and we have a branch at delhi for that renovation we have deducted WCT ,we have ur VAT and CST no for delhi branch do we need have additional registration for this payment

0 Answers  


Is Govt staff also paying taxes in India

1 Answers  


What is the differance between vat and tds d-vat and can we take benefit from it. for example if we sells to some one the entry is Dr. ram A/c 10000 Cr. Sales@4% 9600 Cr. Output vat@4% 400 now we received the cheque agst. sell the entry is Dr, Bank A/c 9573 Dr. Tds d-vat Receivable A/c 200 Dr. Tds Income Tax A/c 227 Cr. Ram A/c 10000 now If We recd. the Tds D-vat Certificate from our Debtor (Ram) What is the entry.....?????? and how can we get the benefit of it...???

0 Answers   Capital IQ,






CAN MINOR GET PAN AND FILE THE RETURN?

3 Answers  


What is process CST & Custom Duty Handle in tally Erp 9, with example.

0 Answers   DIIT,


What is the current vat amount of aluminium goods like dishes, buckets etc hsn code is 7615-19

0 Answers  


Dear All, Please help me in VAT/CST I would like know about full detail of Vat-1.Rate,2.Form No. & everything which is convern about CST/VAT Thanks Sanjay Kumar

4 Answers  


whether C form is required to be given when goods are given on sample basis for trial purpose or rejected goods

1 Answers  


WHAT IS THE MAIN OBJECTIVE TO ISSUE THE WAYBILL TO THE SUPPLIER ? WHAT IS THE TAX LIABILITY ARISES ? WHO HAS THE OBLIGATION TO PAY THE TAX ?

0 Answers   Essar,


Is tax audit compulsory for companies irrespective of their income?

2 Answers  


Categories