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Employee loan

This query is : Resolved 
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(Querist)
17 June 2015 DEAR SIR

WE ARE PVT LTD CO. IN JANUARY 2015 WE HAVE GIVEN LOAN OF RS 200000 TO OUR EMPLOYEE. NOW HE IS RETURNING LOAN AMOUNT IN CASH RS 200000 IN ONE INSTALLMENT. CAN WE RECD RS 200000 IN CASH FROM HIM AS LOAN RECOVERY. CAN WE DEPOSIT THIS AMOUNT IN OUR CURRENT ACCOUNT.

THANKS & REGARDS

VIPIN KUMAR SHARMA
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CA AnKiT BoHrA (AB)

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CA AnKiT BoHrA (AB) (Expert)
17 June 2015 it wil b a violation of 269ss and TT dear...

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