Related party transactions
This query is : Resolved
06 December 2016
Dear Sir
Whether loan taken/given by company to/from directors are to be recorded in register u/s 189 and whether it will be disclosed in notes to accounts as per As-18.
Whether loan taken/given by company to/from directors are to be recorded in register u/s 189 and whether it will be disclosed in notes to accounts as per As-18.
07 December 2016
According to section 189, every company shall prepare the registers giving seprately the particulars of contracts or arrangements to which section 184(2) or section 188 applies . The above section shall not apply to the the Loan given by the Company to Director or Loan given to Director but the details of such Loan shall be entered under AS 18 , and notes to account of Balance Sheet
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Scrutiny and reopening of past returns
- PPF interest-As Exempt Income disclosure
- Pass word to open justification report for Q1 for FY 2026-27
- Section 194JA & JB Income which ITR Form to use
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- FEMA regulation Act. for inward remitance
- Accounting with Claude
- TDS on Rent received on redevelopment of building
- Tax on Deemed Capital Gain
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
