Can Ltd. company give the loan to the director as well as can limited company give the professional fees as well as salary during the same year.
Please give me the reply for the same.
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Can Directors take loan and Professional fees from Ltd. compan
Replies (2)
Regarding loan- pl refer sec 295-Loan to Director
for profesional fee- refer payment of managerial remuneration along with sch XIII
read the 2nd line as Remuneration in place of professional fee
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