Suspense Amount
This query is : Open
sankar ponnan
(Querist)
19 April 2021
Sir / Mam
A Director pays lot of amounts under his suspense account, which was earned by him in his own business, to his Pvt Ltd without limitations.
Plz let me know that how much can a director pay the suspense amount to Pvt Ltd in a year?
Thanks in adv
A Director pays lot of amounts under his suspense account, which was earned by him in his own business, to his Pvt Ltd without limitations.
Plz let me know that how much can a director pay the suspense amount to Pvt Ltd in a year?
Thanks in adv
CA Raj Doshi
(Expert)
19 April 2021
I guess earnings made by the director in personal capacity are advanced as loan to the pvt ltd company. There is no restriction till the time it is out of his owned funds and not borrowed funds.
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