Whether loan under 372a of companies act includes interest?
This query is : Resolved
03 July 2013
Whether loan under 372A of companies act includes interest u/s 372A and if yes if accrued interest is to be included for calculating the limits under 372A?
03 July 2013
Hi
No, It will not includes, generally loan amount is given and interest is as charge against the loan so it will not be considered for the purpose of calculating limit under section 372A.
No, It will not includes, generally loan amount is given and interest is as charge against the loan so it will not be considered for the purpose of calculating limit under section 372A.
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
- Capital Gain on Sale of Private company's shares
- Cash deposited to salary account from gold loan account
- Sale of goods from my GST proprietorship firm to my GST HUF proprietorship firm with karta me
- Assessment Procedure Us 147
- Itc on computer
- REGARDING STATUTORY AUDIT of a private company
- LTCG on property sale with more than 1 property
- Capital goods Cross charges
- ENTRY OF CIVIL MATERIAL AT TIME OF RENOVATE THE FACTORY BUILDING
- How to file ITR for AY 2024-25
- BOE Not reflacting on IDPMS portal
- NRI GET FOR SALE OF RURAL AG. LAND
- 80 G Deduction in scrutiny
- REFUND ATTACHMENT FOR APPEAL AGAINST SECTION 74
- Who is obliged to pay
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Composition Dealer GST Annual Return Filing process
- TDS under section 195.
- Filing GST Returns after death of proprietor
- Registered Required in GST Act
CAclubindia
