Sec 281
This query is : Open
11 September 2012
A company is going to create second charge over its immovable assets by some consortium banks. The company is not having any tax liability & no tax proceedings pending. Is it still required by the company to seek permission from the Assessing officer U/s 281. Please guide, its urgent.
Aalok Chhaperwal
(Expert)
11 September 2012
under the Companies Act, no where it is required.
It is only the requirement of Banks/FIs.
It is only the requirement of Banks/FIs.
11 September 2012
Is it required u/s 281 of the Income Tax Act 1961 or not particularly if the company is not having any tax liability ?
Aalok Chhaperwal
(Expert)
13 September 2012
not required.....
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