Company Audit
This query is : Resolved
27 March 2009
why is interest paid to shareholders u/s 208 during long gestation period?
Plz explain with an example.
Plz explain with an example.
27 March 2009
Dear Karuna,
First you be clear in your mind it is the power of comany to pay interest to their share holders who pay own amount for formation of comany.
Some times it is very necessay to feel law to apply any section because no one want to give any amount without any interest and it is just promoting section for the formaion of company and in the begning company can not pay otherwise i.e. in the form of divident to the shareholders.
First you be clear in your mind it is the power of comany to pay interest to their share holders who pay own amount for formation of comany.
Some times it is very necessay to feel law to apply any section because no one want to give any amount without any interest and it is just promoting section for the formaion of company and in the begning company can not pay otherwise i.e. in the form of divident to the shareholders.
27 March 2009
Dear Karuna,
First you be clear in your mind it is the power of comany to pay interest to their share holders who pay own amount for formation of comany.
Some times it is very necessay to feel law to apply any section because no one want to give any amount without any interest and it is just promoting section for the formaion of company and in the begning company can not pay otherwise i.e. in the form of divident to the shareholders.
First you be clear in your mind it is the power of comany to pay interest to their share holders who pay own amount for formation of comany.
Some times it is very necessay to feel law to apply any section because no one want to give any amount without any interest and it is just promoting section for the formaion of company and in the begning company can not pay otherwise i.e. in the form of divident to the shareholders.
29 March 2009
Thanks a lot.............
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
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Reopen of assessment proceeding
- Depreciation of fixed assets- coop housing society in mumbai
- TDS on Consultancy- Non DTAA
- EPF FULL & FINAL RULES IN 2026
- Management System (IMS)
- Condonation . E-Verification of last year return .
- Rental income gst and it purpose
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- Eway bill generation from place other than registeted
- FTS Taxable under 115A
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
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
