Section applicable
This query is : Resolved
02 February 2012
I would like to konw which section in IT & Comapnies Act would be applicable for taking and giving unsecured loans by limited company to pvt ltd co.
Thnkx in advance.
Thnkx in advance.
02 February 2012
Section 372A of the Companies Act, 1956 deals with intercorporate Loan, Investment, Guarantee and Securities in connection with loan
Message likes :
1 times
03 February 2012
Bt Sir, Sec. 372A of Companies Act covers only giving of loans to intercorporate.it doesnt covers taking of loans.
03 February 2012
A public and private limited company can take loan from other company and body corporate and the same would be covered under section 372A as an inter corporate loan
04 February 2012
Pls also read section 2(22)(e) of the Income tax Act, 1961
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
- GSTR-1A How to update Invoice
- Excess salary payment.
- Capital gain from sale of house property
- Stamp Paper for partnership firm change new income tax 2025
- TDS on Purchase of Immovable Property by NRI from NRI
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Value of property in capital gain
- Annual return in Gst
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- TDS APPLICABILITY......
- Copyright software
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
