Company related
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 June 2013
Can a pvt ltd company take loan from the relatives of the director and its treatment will be done in account and taxation.
28 June 2013
YES PVT LTD CO TAKE LOAN FOR DIRECTOR & THEIR RELATIVE
STAND AS UNSECURED LOAN IN BOOKS
AND IF YOU PAY INTT ON LOAN THEN DEDUCT INTT.
STAND AS UNSECURED LOAN IN BOOKS
AND IF YOU PAY INTT ON LOAN THEN DEDUCT INTT.
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