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Loan from director

This query is : Resolved 
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(Querist)
26 September 2008 Sir,
Thanks for the reply, Can the director bring the funds as unsecured loan?

If a deductee for TDS has no pan no. Is it possible for the deductor to file TDS returns? If not will our expense be disallowed? What is the solution for this?


Regards,
Priya
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
27 September 2008 The directors funds will have to comply with section 58A.

It is possible. it will not be disallowed.
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