Grouping name require


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Querist : Anonymous

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Querist : Anonymous (Querist)
27 November 2014 Dear Sir ,

As our director Home Loan EMI amount ECS Cleared from our C/A Account .

So kindly provide me information under Which Group I Will park this Home Loan EMI Payment

Kindly Explain....

27 November 2014 As it is not expense/liability of company it will be debited to the account of director, to be recovered from him.

Thanks.

Rupesh Jain (Expert)
28 November 2014 PLS DO MAKE THIS TYPE OF ENTRY THROUGH COMPANY A/C OTHERWISE YOU HAVE TO DEDUCT THE TDS @ 20% ON TRANSACTION AMOUNT UNDER 2(22)(e) OF INCOME TAX


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