Can a private company repay its loans in kind?

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CA Articleship Trainee
23 Points Posted on 26 December 2016
Can a private company repay its unsecured loan in kind? ie either by transferring any asset or stock held by the company.
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On 26 December 2016 at 09:17 Report
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Registered independent director Past Ch
8229 Points Posted on 26 December 2016

No, Section 269T of  Income Tax Act does not permit this.  Hence it would be advisable to treat these two transactions separately.

 

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On 26 December 2016 at 10:28
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Finance head
681 Points Posted on 28 December 2016

I also think that please treat these two transaction separete.

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On 28 December 2016 at 22:26

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