Direct Tax
This query is : Resolved
07 December 2019
Waiver of Director Loan in books of company whether attracts Tax Liability in books of company and director books what is impact in tax.
Main motive of company to waive director loan to adjust loss of company.
Main motive of company to waive director loan to adjust loss of company.
26 May 2020
I think waiver is not possible until someone is BANKRUPT.
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