Director deposit cash to his company's account
This query is : Resolved
24 November 2022
Sir, if the company received loan in its bank account ( director deposit cash to his company's account). In this scenario, can a company accept or not?
Thanks in advance.
Thanks in advance.
24 November 2022
Yes. but as per sec 269SS of IT act, it should be below Rs. 20,000/- per person in aggregate.
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