Easy Office

PRIVATE LIMITED COMPANY GIVING LOAN OF ₹.50,00,000 TO AN INDIVIDUAL OUTSIDE THE ORGANIZATION

This query is : Resolved 
Profile Image

Profile Image

(Querist)
12 August 2023 Sirs,

Can a Private Limited Comapny give loan of ₹.50 lacs to an individual outside the organisation and receive interest on that.

What will be the impact on income tax.

Thanks & Regards
Bharath
Profile Image

RAJA P M

Profile Image

RAJA P M (Expert)
16 August 2023 No, Pvt Co can't give loan to others...

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

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


easyoffice CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links