Property given on lease by director
This query is : Resolved
19 October 2012
Hi all,
one of our clients which is a pvt limited has three directors and one director has the property which he gave for lease to the company ,
Actually the lease as per market rate is 50 L but the director has taken 200 L as lease ,
Is that allowed ?
one of our clients which is a pvt limited has three directors and one director has the property which he gave for lease to the company ,
Actually the lease as per market rate is 50 L but the director has taken 200 L as lease ,
Is that allowed ?
20 October 2012
THE AO CAN DISALLOW THE EXPENDITURE IN EXCESS OF MARKET RENT UNDER SECTION 40A(2)
CA MANOJ GUPTA
JODHPUR
09828510543
CA MANOJ GUPTA
JODHPUR
09828510543
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