Un secured loan from Director of Pvt. ltd co.,
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 June 2010
1)can a director or any share holder of a pvt. ltd co., give loan to the company through cash.
2)will it attract the penal provisions of S.269 SS of the Income Tax.
3)Is there any possibility to treat the cash contribution to the company, not to attract the penal provisions of S.269 SS of the Income Tax.
2)will it attract the penal provisions of S.269 SS of the Income Tax.
3)Is there any possibility to treat the cash contribution to the company, not to attract the penal provisions of S.269 SS of the Income Tax.
22 June 2010
cash loan can not be recd. from anybody whehter director or shareholder. if share application money is received in cash section 269SS might not be attracted, but it is controversial
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
- About TDS & Income Tax
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- Scrutiny and reopening of past returns
- PPF interest-As Exempt Income disclosure
- Booth for sales promotion
- F & O PROFIT REPORTING FOR AY 2026-27
- Type of Capital Gain
- FEMA regulation Act. for inward remitance
- Rental income of jointly held property
- TDS on Rent received on redevelopment of building
- Tax on Deemed Capital Gain
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
