Mutual amount exchage beteen the director and the pvt ltd co

This query is : Resolved

Ramesh (Querist)
Follow

24 July 2012 Dear All,

could you please clarify me, if the mutual transfer of amount between the director and the pvt ltd company liable for any interest ?

or can we transfer any number of times the amount between the director to the company and company to the director without effecting the interest or TDS or any other provisions ?

regards
Ramesh.

Guest

Guest (Expert)

27 July 2012 There is no compulsion to provide interest and deduct TDS on loan between company and director. It can be interest free.

With Regards

Message likes : 1 times

Ramesh

Ramesh (Querist)
Follow

30 July 2012 could you please clarify me some more details of the sections etc. please

thank you
Ramesh
9177606488

Guest

Guest (Expert)

30 July 2012 Dear Ramesh,

There is no section which makes it compulsory to provide interest in case of loan transaction between company and director.

Regards

Ramesh

Ramesh (Querist)
Follow

30 July 2012 Dear Neha,

thank thank you.....for your clarifications.

kindest regards
Ramesh

Guest

Guest (Expert)

30 July 2012 You are welcome always.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

SHUBHANGI GOEL

Shailesh Prajapati

Adesh Mahajan

Angadi & Co

Jaipal Singh

Subscribe Now

Mutual amount exchage beteen the director and the pvt ltd co

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

CA Final

GST CONSULTANCY

Article Assistant

GST CONSULTANT

Accountant

Manager- Finance and Compliance