Section 2(22)(e)

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Querist : Anonymous

Querist : Anonymous (Querist)

26 November 2014 Is Section 2(22)(e) is applicable even if the share holders, to whom loans and advances are made, pays interest to the Company?

CMA Ramesh Krishnan (Expert)
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26 November 2014 incase the loan given on the part of money lending business then provisions of sec.2(22)(e) wont apply otherwise applicable

Rupesh Jain (Expert)
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27 November 2014 section applicable always .
till company business are lending the money as tell by Mr. ramesh

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