unseured loan
This query is : Resolved
seema wadhwa
(Querist)
05 May 2011
in tax audit of a company when we prepare 3cd then we also prepare schedule 269ss and 269t then if we have unsecured loan and we pay salary to him then should we show them in 269ss and 269t annexure or not consider them and and also tell me while preparing 269ss and 269t which type of unscured loan we should consider
CA MANOJ GUPTA
(Expert)
06 May 2011
I UNDERSATND THAT COMPANY HAS TAKEN LOAN FM THE PERSON WHO IS EMPLOYED WITH THE COMPANY
THE DETAILS OF LOAN HAS TO BE GIVEN IF THE AMOUNT INVOLVED EXCEED RS 20000
U HAVE TO CONSIDER ALL LOANS IF THE AMOUNT INVOLVED CEXCEED RS 20000
CA MANOJ GUPTA
JODHPUR
09828510543
THE DETAILS OF LOAN HAS TO BE GIVEN IF THE AMOUNT INVOLVED EXCEED RS 20000
U HAVE TO CONSIDER ALL LOANS IF THE AMOUNT INVOLVED CEXCEED RS 20000
CA MANOJ GUPTA
JODHPUR
09828510543
CA. Krishna K Neeraj
(Expert)
06 May 2011
As I understood that a person who is employed with the company has given unsecured loan to the company, salary amount is required to show in tax audit annexure only if the employee is agreed to convert salary payable amount into unsecured loan.
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