loan to director relative
This query is : Resolved
16 December 2010
can pvt. ltd. co. give loan and advances to relative of director ?
in our co. ,director having more than 10% share capital of the co.loan granting to relative, who is not shareholer of the co, @10% int. for his personal purpose.no any single rupee or any indirect benefit will trf to director.
will it come under deemed dividend U/s 2(22)(e) of IT act ?
in our co. ,director having more than 10% share capital of the co.loan granting to relative, who is not shareholer of the co, @10% int. for his personal purpose.no any single rupee or any indirect benefit will trf to director.
will it come under deemed dividend U/s 2(22)(e) of IT act ?
16 December 2010
The provisions of section 295 of the Companies Act, 1956 are not applicable to an Independent Private Company.
God Bless
Udit Sharma
God Bless
Udit Sharma
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Itr 1 processing
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- ITR selection for salaries and capital gain less than L
- ITR returnFY25-26
- ITR 1: Details for showing Exempt Income
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR 2 Short Term gain & Long term gain
- Reporting Income under Section 44ADA
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- Tax liability on income of freelancer
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
