Cash loan from director in pvt ltd company

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

05 July 2018 Hi Experts,

Company has received loan from director sum of around 8L in FY 2017-18, Now I got to know that cash loan from director more than 20K is disallowed. I request to provide us suggestions about how to account this in alternative way.

Thank you.

JAGANATHAN R ACMA, SAP(Fi-Co)

JAGANATHAN R ACMA, SAP(Fi-Co) (Expert)
Follow

05 July 2018 First of all we have to avoid the cash transaction in company., if u want alternative solution you can segregated the amount and accountd difference dates

Querist : Anonymous

Querist : Anonymous (Querist)

05 July 2018 Hi Sir,
Thanks for your response, It is in the different dates but the total amount for the FY is Rs.8L.
Is there any other suggestions like loan from relatives, passing resolution to increase the director cash loan limit, etc.

Thank you.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Richa Bajoria

Pavithra Doss

Dhananjay Patil

Raviraj ponkshe

CA Saurabh Jadhav

Subscribe Now

Cash loan from director in pvt ltd company

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANT

Manager- Finance and Compliance

Accountant

Article Assistant

CA Final

GST CONSULTANCY