interest free loan
This query is : Resolved
deepak agarwal
(Querist)
29 May 2009
Can an individual take an interest free loan from a private limited company in which individual's relative is a director?
Pls reply its urgent!!!!!!!!!!!
Pls reply its urgent!!!!!!!!!!!
CA.BHARAT BHUSHAN
(Expert)
31 May 2009
Refer the section 2(22)(e). If it is applicable to your case, then it will be deemed dividend.
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