Loans to Director
This query is : Resolved
13 May 2010
I want to know whether the loans to Director of private limited company is allowed or not. If yes then what are the formalities.
13 May 2010
in case of pvt ltd co its allowed and need to be reported in caro report.
13 May 2010
To take care of section 2(22)(e) of the Income tax Act,1961.
13 May 2010
Agree with Warrier Sir.
Always take care of Sec 2(22)(e) of I.T.Act otherwise Director will suffer.
Always take care of Sec 2(22)(e) of I.T.Act otherwise Director will suffer.
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