Advance against Supply of Goods and Services

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..... Dear Experts, A newly incorporated Pvt Ltd Company had taken interest free advances for from its holding company during 2012-13. the advance was taken for meeting its expenses. The Pvt Ltd Company .....

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..... was engaged in sourcing long term coal supply for upcoming power plant of fellow subsidiary. The plant is yet to be operational. Whether the amount shall be treated as deposit under the Companies .....

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..... Act 2013. Kindly opine. Shyam - Reply By Ganeshan Kalyani - The Reply = In my view it should fall under Loans and Advances Account in Balance Sheet. - Reply By KASTURI SETHI - The Reply = .....

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..... I agree with the views of Sh.Ganeshan Kalyani Sir. Otherwise also the terms 'Advance' and 'Deposit' are contradictory. - Reply By MARIAPPAN GOVINDARAJAN - The Reply = It will be t .....

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..... ermed only as loan and not as deposits. - Advance against Supply of Goods and Services - Query Started By: - Shyam Naik Dated:- 6-3-2016 Corporate Laws / SEBI / LLP - Got 3 Replies - Companies Law - .....

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..... Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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