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Loan To others

This query is : Resolved 
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(Querist)
22 December 2010

Dear All,

I wanna know that in Private Limited Company how much amount in cash can be given to any outsiders(any Company, Partnership firm or any individual) & director of the company as loan? Is there any provision of Interest on this loan?


Regards
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CA. R. B. SAH

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CA. R. B. SAH (Expert)
22 December 2010 as per income tax act, 1961 Rs.20000/-
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