The company is having loan from foreign directors and also accumulated losses. Can they be set off against each other? What are the implications with respect to Companies Act, Income Tax Act?
parag gudhka (CA) (136 Points)
27 December 2013The company is having loan from foreign directors and also accumulated losses. Can they be set off against each other? What are the implications with respect to Companies Act, Income Tax Act?
parag gudhka
(CA)
(136 Points)
Replied 28 December 2013
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