Section 2(22)(e)
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 November 2014
Is Section 2(22)(e) is applicable even if the share holders, to whom loans and advances are made, pays interest to the Company?
CMA Ramesh Krishnan
(Expert)
26 November 2014
incase the loan given on the part of money lending business then provisions of sec.2(22)(e) wont apply otherwise applicable
Rupesh Jain
(Expert)
27 November 2014
section applicable always .
till company business are lending the money as tell by Mr. ramesh
till company business are lending the money as tell by Mr. ramesh
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