Can director give loan to company by the way of cash deposit in bank(company's)?
This query is : Resolved
23 November 2022
Can director give loan to company by the way of cash deposit in bank(company's)?
is this possible?
If it possible please give an explanation.
Please, reply.
Thank you.
is this possible?
If it possible please give an explanation.
Please, reply.
Thank you.
23 November 2022
It's Possible upto Rs 20000 in cash under section 269SS.
23 November 2022
Sir, if the company received cash in its bank account. In this scenario, can a company accept or not?
Thanks in advance.
Thanks in advance.
24 November 2022
No, company can't accept in excess of 20,000.
27 June 2023
20k aggregate in whole year or can deposit below 20k multiple time
Please suggest
27 June 2023
It's aggregate in whole year.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Deemed Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Type of Capital Gain
- Exiting partner in partnership firm in gst portal
- Regarding ITR filing with more value than showing in AIS/TIS
- TDS _Long term Capital Gain ref.sec 214 Table 2
- TAX AUDIT QUESTION
- ASMT-10 received from A O
- Banking Related Issue
- ITR-Capital Gain
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- TDS offline utility
- TDS on rent received on hardship compensation being rent on redevelopment of building
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
