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Treatment

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(Querist)
09 July 2009 If a Pvt Ltd Co. is a partner in a Partner Ship Firm Then the treatment if....
a)Out of Seven Directors Two Directors are also the partners in the Firm.
b)Can we give interest on capital & Partners Salary To the Pvt Ltd. Company
c)How is The Pvt Ltd. Company Show this Investment in his books of Accounts.
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UMA SHANKER SHARDA

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UMA SHANKER SHARDA (Expert)
11 July 2009 Yes intt on capital can be given, but salary can not be paid to an artificial person.
The private ltd co can show it as invesemtnet in its books.
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