urgent- unsecured loan
This query is : Resolved
23 March 2009
Can capital reduction be done in form of unsecured loan for purpose of conversion of partnership firm to private limited company?
How will reflect in tax structure and what is the limit of unsecured loans?
Please explain the tax breakup and the applicable procedure
Thanks in advance.
How will reflect in tax structure and what is the limit of unsecured loans?
Please explain the tax breakup and the applicable procedure
Thanks in advance.
CA Tilak Raj Sharma
(Expert)
23 March 2009
Only if those person waive off their claim for loan.
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