Cash infusion by Director in a Pvt Ltd co
This query is : Resolved
02 June 2011
Is there any limit or any provision/procedure subject to which cash can be infused by a director in a private limited company??
Aditya Maheshwari
(Expert)
02 June 2011
Rs. 20,000/- can be received in cash only.
Aditya Maheshwari
(Expert)
02 June 2011
If amount received more than Rs. 20,000/- then provisions of section 269SS & 269T of Income Tax apply which restrict the amount to be received in excess of this amount.
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