banner_ad

Can director give loan to company by the way of cash deposit in bank(company's)?

This query is : Resolved 
Profile Image

Profile Image

(Querist)
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.
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
23 November 2022 It's Possible upto Rs 20000 in cash under section 269SS.
Profile Image

G Prathiba

Profile Image

G Prathiba (Querist)
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.
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
24 November 2022 No, company can't accept in excess of 20,000.
Profile Image

Ravinder Singhal

Profile Image

Ravinder Singhal (Expert)
27 June 2023 20k aggregate in whole year or can deposit below 20k multiple time Please suggest
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
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


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details