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11 September 2010 whether cash payment exceeding Rs.20000 can be made by a company to another company as interest free loan.
will this payment covered under the section 40(1) for disallowance of payment exceeding Rs.20000
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Manmohan ACA, CS

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Manmohan ACA, CS (Expert)
11 September 2010 no problem is making interest free load exceeding Rs. 20000 u/s 40A(3), as it is not a expenses so no question of dis allowability arises but take care of section 2(22)(e) deemed dividend
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