Loans from directors
This query is : Resolved
12 February 2016
Good afternoon respected experts,
I want to know that can a director give loan to company in cash i.e. monthly 15000 to 19000.
Please advise.
I want to know that can a director give loan to company in cash i.e. monthly 15000 to 19000.
Please advise.
12 February 2016
No. Kindly refer provision under Companies Act 2013 and Income Tax Act 1961. See Section 269SS & 269T of Income Tax Act
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